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National market update
Existing-Home Sales Slide 2.5 Percent in April
WASHINGTON (May 24, 2018) — After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors®. All four major regions saw no gain in sales activity last month.
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Home-Buying Frenzy Sets a Record as California Loses Its Grip on Hottest Markets
As the home-buying season enters its most frenetic period, the pace of sales set new records in May, according to an analysis of realtor.com® data for the month. That's not all: Listing prices also continued to set records. However, in the end of a historic run, the majority of the hottest markets in the country are no longer in California.
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National housing indicators
Existing home sales (April)
5.46 millions units*
Existing home median price (April)
$257,900
Housing Starts (April)
1.287 millions units*
New home sales (March)
0.662 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
4th Quarter 2017
64.2%
1st Quarter 2018
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
March 2018
4.0%
April 2018
-1.5%
Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5 percent (±11.8 percent)* below the revised March rate of 672,000, but is 11.6 percent (±23.7 percent)* above the April 2017 estimate of 593,000.
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
Forget SF, Goodbye NYC! You Won’t Believe the New Millennial Magnets for Home Buyers
There’s a reason the next generation of homeowners is flocking to these 10 metros—and it flies in the face of conventional wisdom.
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Fact or Fiction? 6 Down Payment Myths You Should Stop Believing Immediately
A down payment can be intimidating, but don’t let these common myths mislead you about this crucial step.
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6 Home Maintenance Chores Just About Everyone Forgets
There are certain small home maintenance chores that are easy to overlook—but neglecting them could spell disaster.
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When Should You Make an Offer Below Asking Price? 5 Clues It’s Time to Take a Gamble
Even in a hot market, it’s still possible to get a good deal on a house. Keep an eye out for sellers who might be open to a lower offer.
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How Often Should You Wash Your Sheets—and What If You Don’t?
We asked a scientist what really happens when you don’t wash your sheets often enough.
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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®.