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National market update
Existing-Home Sales Remain Flat Nationally, Mixed Results Regionally
WASHINGTON (September 20, 2018) – Existing-home sales remained steady in August after four straight months of decline, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest canceled out downturns in the South and West.
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6 Home Renovation Myths to Stop Believing Before You Botch Things Up
Where do home renovation myths start? Maybe in the aisles of your local hardware store or parking lot of the lumber yard. They get traded back and forth and whispered to people who may actually believe the tall tales—until they find themselves sitting under a pile of splintered wood and drywall dust.
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National housing indicators
Existing home sales (August)
5.29 million units*
Existing home median price (August)
$267,200
Housing Starts (August)
1.282 million unit*
New home sales (July)
0.627 million unit*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
1st Quarter 2018
64.2%
2nd Quarter 2018
64.3%
The homeownership rate of 64.3 percent was not statistically different from the rate in the second quarter 2017 (63.7 percent) nor from the rate in the first quarter 2018 (64.2 percent).
New home sales
July 2018
-1.7%
August 2018
+3.5%
Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.5 percent (±13.7 percent)* above the revised July rate of 608,000 and is 12.7 percent (±20.7 percent)* above the August 2017 estimate of 558,000
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
Got Lousy Credit? 10 Places Where It Won't Stop You From Buying a Home
There are plenty of places where a poor credit score may not stand in the way of buyers seeking a mortgage for the home they’ve set their sights on.
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6 Things You'll Overhear at an Open House That Might Persuade You to Buy Now—or Run
The seemingly innocuous chitchat you overhear can help you decide whether to follow through and make an offer—or conversely, get the heck out of there.
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Want Instant Curb Appeal on the Cheap? These 6 Easy Tricks Will Cost You Under $200
Boosting your curb appeal—with quick and easy upgrades—doesn’t have to drain your savings account.
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Put Away the Pumpkins and Pine Cones: These Fab Fall Decor Ideas Are in Season
This autumn, designers are all about going off book with cozy but timeless decor that can last well into winter and even next spring—nary a gourd or corn husk in sight.
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Early Bird Specials! America’s 10 Most—and Least—Expensive Retirement Towns
As tens of millions of baby boomers plan their retirement, they’re obsessing over where to live out their golden years—without giving up an active, social lifestyle.
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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®.
