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National market update
Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve
WASHINGTON (June 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month earlier. Read more
New Home Construction Needed to Match Job Creation, Improve Affordability in Majority of U.S.
"WASHINGTON (June 10, 2014) – New home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation, according to new analysis by the National Association of Realtors®.
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National housing indicators
Existing home sales ()
4.89*
Existing home median price ()
$213,400
Housing Starts ()
1,001,000*
New home sales ()
433000*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
1st Qtr 2013
+65.0%
1st Qtr 2014
+64.8%
The homeownership rate in the first quarter 2014 was 64.8 percent, down 0.2 (+/- 0.4)* percentage points from the first quarter 2013 rate of 65.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates a year ago.
New home sales
April 2014
+3.7*%
May 2014
+18.6%
Sales of new single-family houses in May 2014 were at a seasonally adjusted annual rate of 504,000. This is 18.6 percent (+/- 17.3%) above the revised April 2014 estimate of 425,000.
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
Yvette Reyes-Hall
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
Fixer-Upper, Money Pit or Bad Deal? It’s Your Call
Every home has shortcomings, even the adorable cottage you swooned over at first sight or the house with the majestic views you can still picture with your eyes closed. But the fixer-upper option is a tough one to pursue for many buyers. Read more
How Long Does It Take to Buy a Home?
Consumers considering a home purchase often want to get a handle on how it takes to actually buy a home. Read more
4 Tips for Sellers to Seal the Deal
You want to get the best price for your homes as quickly as possible. Who doesn’t? But how do you entice prospective buyers to seal the deal? Impress potential buyers with these four well-researched real estate tips, and you may impress yourselves with the results. Read more
3 Reasons to Buy Houses That Aren’t Selling
When a house has been sitting on the market for a while, it can leave potential buyers with a bad impression. Home shoppers worry there are hidden deficiencies in the.. Read more
4 Tips to Help You Pre-Qualify For a Loan
Before you start looking for a home, you need to pre-qualify for a loan. This process involves a quick analysis by a mortgage officer to see if you have all the necessary financial qualifications to buy a home. Read more
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®.