NAR: Pending home sales up 10.3% from last year

Sales are down 10.3% versus a year ago. Sales in December fell in all four major regions and for both single-family homes and condos/coops. The median price of an existing home declined to $253,600 in December (not seasonally adjusted), but is up 2.9% versus a year ago. Average prices are up 1.6% versus last year.

The December inventory decreased 11.4%, and is 10.3% lower than a year ago, having decreased for the 31st consecutive month. At the current sales rate, the December unsold inventory represents a 3.2-month supply, the lowest since NAR began this series in 1999. December existing sales reached a seasonally adjusted rate of 5.57 million units, compared to a downwardly revised 5.78 million in November. Total existing home sales include single-family homes, townhomes, condominiums and co-ops.

The median price in the Northeast was $261,400, up 3% compared with November of last year. In the Midwest, existing-home sales fell 6.3% to an annual rate of 1.33 million in December and were 1.5%.

Sales of existing single-family homes were up 6.3 percent when compared to last February with half of all counties improving from last year, while the rest dipped on a year-over-year basis. The Southern California market was not as robust as the Bay Area and the Central Valley with an overall sales decline of 2.8 percent when compared to last.

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The October sales figure was up 0.8 percent from the 427,460 level in September and down 3.4 percent compared with home sales in October 2016 of a revised 446,150. Year-to-date sales are running 1.7 percent ahead of last year’s pace, but the annual sales pace has been declining since the first quarter.

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Pending home sales in the South jumped 8.9 percent to an index of 119.8 in January, which is 3.1 percent lower than this time last year. The index in the west increased 0.3 percent in January to 87.3 and fell 10.1 percent below a year ago.

Pending home sales rebound to highest level in a year – KEYWORDS Home Price NAR National. of Realtors. The Pending Home sales Index, a forward-looking indicator based on contract signings, surged 5.5% to 112.3 in February, up from 106.4 in January. The.

The measurements were all in positive territory for the Houston real estate market in April. single-family home sales, total property sales, total dollar volume and pricing were all up compared to April 2018.Month-end pending sales of single-family homes totaled 9,467, a 17.8 percent increase over last year.

Year-over-year the pending homes sales index decreased 3.0% from last March, when the index was 110.9. ifr markets predicted the index would be up 0.9%. Regionally. of the lack of choices in.

LoanLogics names new CEO LoanLogics names CEO . 0 comments. appraiser news. Monday, May 06, 2019 . LoanLogics named Chief Operating Officer Bill Neville as its new CEO. Neville will replace former CEO Brian Fitzpatrick, the company announced in a release.