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National market update
Existing-Home Sales Slip 3.2 Percent in January
WASHINGTON (February 21, 2018) — Existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors®. All major regions saw monthly and annual sales declines last month.
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TCost-Conscious Buyers Are Flocking to These 10 Affordable, Midsize Cities
A severe housing shortage, sky-high home prices, and equally towering costs of living in the priciest cities are pushing wannabe home buyers to seek out smaller, more affordable metro markets around the nation.
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National housing indicators
Existing home sales (Jan)
5.38 millions units*
Existing home median price (Jan)
$240,500
Housing Starts (Jan)
1.326 millions units*
New home sales (Dec)
0.625*
*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
December 2017
-9.3.5%
January 2018
-7.8%
Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (±19.0 percent)* below the revised December rate of 643,000 and is 1.0 percent (±16.4 percent)* below the January 2017 estimate of 599,000
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
Rent or Buy? 10 Places Where You'll Get the Most Bang for Your Buck
Does it make financial sense for you to buy a new house now, or continue renting? The X-factor is determined by where you live. So we uncover the best places for each scenario.
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Selling Your Home? Don't Neglect These 6 Maintenance Tasks—or Else
A little routine upkeep looks better to buyers—and can help you avoid a catastrophic problem that could devalue your property and derail a sale.
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6 Mortgage Missteps Home Buyers Often Make
Getting a mortgage can be the most treacherous part of the home-buying process. Don't make the same mistakes as many others.
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6 Surprising Ways Home Staging Can Sabotage Your Sale
From dull color schemes to plastic apples, these bad decisions can leave your property languishing on the market.
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What's Cooking: These Will Be the Year's 7 Hottest Kitchen Design Trends
The kitchen is one of the highest-profile rooms in a home, so it can pay to take a chance, stylistically.
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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®.
