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Tag: existing home sales

Existing-Home Sales Drop 1.3% in January
Real Estate News

Existing-Home Sales Drop 1.3% in January

WASHINGTON (STL.News) - Existing-home sales declined in January, continuing a fluctuating pattern of monthly increases and declines, according to the National Association of Realtors®. Significant declines in the West region dragged down nationwide numbers, with the other three major U.S. regions reporting marginal – or no – changes last month. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.3% from December to a seasonally-adjusted annual rate of 5.46 million in January. However, for the second straight month, overall sales substantially increased year-over-year, up 9.6% from a year ago (4.98 million in January 2019). Lawrence Yun, NAR's chief economist, find...
Existing-Home Sales Descend 1.7% in November
Real Estate News

Existing-Home Sales Descend 1.7% in November

WASHINGTON (STL.News) - Existing-home sales fell in November, taking a small step back after October's gains, according to the National Association of Realtors®. The Northeast and Midwest both reported growth last month, while the South and West saw sales decline. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.7% from October to a seasonally-adjusted annual rate of 5.35 million in November. However, sales are up 2.7% from a year ago (5.21 million in November 2018). Lawrence Yun, NAR's chief economist, said the decline in sales for November is not a cause for worry. "Sales will be choppy when inventory levels are low, but the economy is otherwise performing ve...
Existing-Home Sales Ascend 2.5% in May
Real Estate News

Existing-Home Sales Ascend 2.5% in May

WASHINGTON (STL.News) - Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors®. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May.  Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018). Lawrence Yun, NAR’s chief economist, said the 2.5% jump shows that consumers are eager to take advantage of the favorable conditions.  “The purchasing power to buy a h...
Existing-Home Sales Slide 4.9% in March
Real Estate News

Existing-Home Sales Slide 4.9% in March

  WASHINGTON/ April 22, 2019 (STL.News) Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors®. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9% from February to a seasonally adjusted annual rate of 5.21 million in March. Sales as a whole are down 5.4% from a year ago (5.51 million in March 2018). Lawrence Yun, NAR’s chief economist, anticipated waning in the numbers for March. “It is not surprising to see a retreat after a powerful surge in sales in the prior month. ...