NAR existing home sales increase 2.1% in October

Existing-home sales in the South dropped 3.4% to an annual rate of 2.28 million in March, down 2.1% from last year. The median price in the South was $227,400, up 2.4% from a year ago. Existing-home sales in the West fell 6.0% to an annual rate of 1.09 million in March, 10.7% below a year ago.

The National Association of Realtors (NAR. annual rate of existing home sales in October rose by 1.4% to a seasonally adjusted annual rate of 5.22 million from a total of 5.15 million in September..

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NAR forecasts a 2.2 percent appreciation in the median existing homes sales price in 2019 (as of February 2019 outlook). Continued increase in home prices ($259,100 median sales price of existing homes in 2018) and higher mortgage rates (4.4 percent as of January 2019) have combined to make a home purchase less affordable.

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Existing-home sales rose 2 percent last month to a seasonally adjusted annual rate of 5.48 million in October from 5.37 million in September, the best performance since June, the National.

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

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Total housing inventory at the end of November decreased to 1.74 million, down from 1.85 million existing homes available for sale in October – that’s an increase from 1.67 million a year ago, however. Unsold inventory is at a 3.9-month supply at the current sales pace, down from 4.3 last month and up from 3.5 a year ago.

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US existing home sales increase more than expected – Tariffs on $200 billion in Chinese goods are set to increase. U.S. home sales increased more than expected in October as hurricane-related disruptions dissipated. The National Association of.

. of change from August to september meant october’s existing home sales were likely to once again fall below last year’s levels. In its report, NAR explained October’s monthly increase in pending.

Backtrack for Existing-Homes: Can Lower Rates Revive Them? – Existing-home sales in March tumbled 4.9 percent, coming off a February surge, the National Association of REALTORS reports. At 5.21 million, existing-home sales last month underwhelmed by 5.4.

Existing home sales gained some daylight in October 2018 versus the prior month, increasing 1.4 percent to 5.22 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors (NAR). October sales, however, were off 5.1 percent on a year-over-year comparison.