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National market update
Existing-Home Sales Climb 1.1 Percent in March
WASHINGTON (April 23, 2018) — Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year ago levels, according to the National Association of Realtors®..
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Just Like the Weather, New-Home Prices Are Beginning to Heat Up
It's not just the weather that's heating up as we move into spring. The cost of a newly constructed home is rising as the housing market enters its peak buying months.
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National housing indicators
Existing home sales (March)
5.60 millions units*
Existing home median price (March)
$250,400
Housing Starts (March)
1.319 millions units*
New home sales (February)
0.618 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
4th Quarter 2017
64.2%
3rd Quarter 2017
64.2%
The homeownership rate of 64.2 percent was not statistically different from the rate in the first quarter 2017 (63.6 percent) and virtually unchanged from the rate in the fourth quarter 2017 (64.2 percent).
New home sales
February 2018
-0.6%
March 2018
4.0%
Sales of new single-family houses in March 2018 were at a seasonally adjusted annual rate of 694,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.0 percent (±18.6 percent)* above the revised February rate of 667,000 and is 8.8 percent (±17.0 percent)* above the March 2017 estimate of 638,000.
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
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7 Decluttering Myths That Could Derail Your Dreams of an Organized Home
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The One Room That'll Make Buyers Bail, Even If They Love the House
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Your Moving Checklist: 15 Things to Do Before Moving Into a New Home
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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®.