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National market update
Existing-Home Sales Subside 1.7 Percent in August
WASHINGTON (September 20, 2017) — Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were outpaced by declines in the South and West.
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America's 20 Hottest Markets for Real Estate in September 2017
We've officially closed the books on summer, and the flurry of back-to-school sales and the Facebook posts featuring freshly scrubbed kids awkwardly posing for their big return to classes have finally subsided. So as September draws to a close, we're taking a look back at this transitional month through the lens of our own realtor.com® data—all the better to take a snapshot of what the housing market across the country is like today.
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National housing indicators
Existing home sales (Aug)
5.35 millions units*
Existing home median price (Aug)
$253,500
Housing Starts (Aug)
1.300 millions units*
New home sales (July)
0.571 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
2nd Quarter 2017
63.7%
1st Quarter 2017
63.6%
The homeownership rate of 63.7 percent was 0.8 percentage points higher than the rate in the second quarter 2016 (62.9 percent) and not statistically different from the rate in the first quarter 2017 (63.6 percent).
New home sales
July 2017
-9.4%
August 2017
-3.4%
Sales of new single-family houses in August 2017 were at a seasonally adjusted annual rate of 560,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.4 percent (±13.0 percent)* below the revised July rate of 580,000 and is 1.2 percent (±18.5 percent)* below the August 2016 estimate of 567,000.
Source: U.S. CENSUS BUREAU
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Regional market updates
View market statistics for your region.
Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.
Local Prices & State Sales
Maureen Donohue Conway
Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.
Consumer tips & hot properties
These Towns Have It All: The 10 Best Places to Live in America
Looking for a great place to raise a family, enjoy a night out, find a job, and generally just get the most out of life? We got you!
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5 Things Real Estate Agents Wish You Knew About Buying a House
You want to buy the best house for the best deal, right? Here are some secret tips from the pros to give you an edge.
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9 Tricks for Creating an Outdoor Oasis on the Cheap
An expensive-looking outdoor space doesn’t have to mean splashing out on infinity pools and marble statues.
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7 Pricing Myths to Stop Believing If You Ever Hope to Sell Your House
No one wants their home to sit on the market for months with no offers. Follow these tips to entice buyers and get your house sold fast.
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9 Cleaning Myths That Could Be Wrecking Your House
Old wives’ tales and urban myths may live on in your home—in the way you clean. Watch out, some methods can actually be harmful.
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Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
National Statistics
Statistics by City or Metropolitan Area
Regional Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.