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National market update
Existing-Home Sales Rebound 3.0 Percent in February
WASHINGTON (March 21, 2018) — Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February after two straight months of declines, according to the National Association of Realtors®. Sizeable sales increases in the South and West offset declines in the Northeast and Midwest.
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Exclusive: Property Brothers Reveal How to Save Tons of Cash on Kitchens!
"Property Brothers" stars Jonathan and Drew Scott don't just create dream homes for their clients on TV—they also do it for free! How? As part of Habitat for Humanity's second annual Home Is the Key Campaign, running through the month of April, the Scotts are helping build two homes in Nashville, TN, for single moms Ashlee and Amanda.”
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National housing indicators
Existing home sales (February)
5.54 millions units*
Existing home median price (February)
$241,700
Housing Starts (February)
1.236 millions units*
New home sales (January)
0.593 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
4th Quarter 2017
64.2%
3rd Quarter 2017
63.9%
The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).
New home sales
January 2018
-7.8%
February 2018
-0.6%
Sales of new single-family houses in February 2018 were at a seasonally adjusted annual rate of 618,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±13.3 percent)* below the revised January rate of 622,000, but is 0.5 percent (±16.6 percent)* above the February 2017 estimate of 615,000.
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
Where Homes Sell Like Hotcakes—and Where They Sit on the Shelf
Home buyers and sellers alike are keen to know how long homes in their area spend on the market—here are the places you need to know about, and why. Read more
10 Questions to Ask a Real Estate Agent Before the Pro Helps You Buy a Home
Ready to buy a house? Then you'll want to learn a few questions to ask a real estate agent to find the best one for you.
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Afraid of Selling Your Home Too Soon—and Missing Out on Tons of Cash? Consider This
Many home sellers worry that bad timing could cause them to lose out on thousands of dollars, but the calculation is complex.
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There Goes the Neighborhood! 7 Landscaping Decisions Sure to Make the Neighbors Mad
Nothing gets people as riled up as property decisions that they believe reflect badly on all the homes in the area.
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13 Decor Items Grown Adults Should Never Have in Their Homes
Does your pad look like a dorm room? Kick these decor items to the curb—and pick up a few chic replacements.
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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®.