NAR existing home sales increase 2.1% in October

NAR projects only about 1% increase in existing home sales this year to 5.4 million units. In addition, the national median existing-home price is forecast to rise by a modest 3.1% to around US$266,800. “The forecast for home sales will be very boring – meaning stable,” said NAR.

Sales of Previously Owned Homes Rose in October; Supply of Properties Shrinks. Existing homes sold at a seasonally adjusted annual rate of 4.79 million units in October, the second-highest level of the year and up 2.1% from September, the National Association of Realtors said Monday..

This page provides national and regional data on the number of new single-family houses sold and for sale. It also provides national data on median and average prices, the number of houses sold and for sale by stage of construction, and other statistics. The data are from the Survey of Construction.

June 2018 Housing Minute Find out the MARKET activity for May 2018 The National Association of REALTORS is America’s largest trade association, representing 1.2 million members, including NAR’s institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.

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 · Fort Myers, FL had the highest increase in the number of homes for sale, up 32.4% year over year, followed by Knoxville, TN (22.3%) and Austin, TX (10.3%). Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of.

 · Total existing-home sales include single-family homes, townhomes, condominiums and co-ops. Meanwhile, the first-time buyer share slightly rose to 33% from 31% last month and 29% a year ago. The November inventory decreased to 1.74 million units from 1.85 million units in October, but was up from 1.67 million units compared to a year ago.

The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 5.22 million in October, the National Association of Realtors said Wednesday. That was up 1.4% for the month, marking the.

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Nationally, U.S. existing-home sales jumped 2.1% in October from a month earlier to a seasonally adjusted rate of 4.79 million home sales annually, according to the National Association of Realtors..

 · Economists polled by Reuters had forecast home sales rising 0.9 percent to a 5.52 million-unit rate in November from a previously reported.