Existing-home sales continue to slip

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Existing-home sales in the West rose 4.4 percent to an annual rate of 1.19 million in July, but are still 4.0 percent below a year ago. The median price in the West was $392,700, up 5.1 percent from July 2017.

 · Barely budging against imbalanced inventory, existing-home sales slipped at the start of summer, the National Association of REALTORS® (NAR) reports. Activity in june declined 0.6 percent to 5.38 million, down 2.2 percent from the prior year; however, inventory increased 4.3 percent to 1.95 million, and is 0.5 percent higher than the prior year-the first increase year-over-year since June 2015.

Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases.

Sales of previously-owned U.S. homes fell to a 10-year low in June, according to data released Thursday by the National Association of Realtors. Existing-home sales — which include single-family.

Home sales continue to slip, setting the stage for a spring rebound Sales of new single-family homes slipped for the second consecutive month, the Census Bureau reported this morning, falling to a 590,000 unit annualized pace in January.

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Existing-home sales in the West declined 3.3 percent to an annual rate of 1.18 million in April, but are still 3.5 percent above a year ago.

Existing-home sales in the Midwest were unchanged in June at a pace of 1.21 million, and are 17.5 percent higher than a year ago. The median price in the Midwest was $170,100, up 8.9 percent from June 2012. In the South, existing-home sales slipped 1.5 percent to an annual level of 2.03 million in June but are 16.0 percent above June 2012.

Existing-home sales continued to slip in March from inventory constraints, which continue to push home prices up, according to data from the National Association of Realtors.

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Existing-home sales in the West rose 5.1 percent to a pace of 1.23 million in December and are 8.8 percent higher than a year ago. The median price in the West was $239,900, which is 17.3 percent above December 2011.

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Existing-Home Sales Slip, but Inventory Stirs July 23, 2018 admin – No Comments. Barely budging against imbalanced inventory, existing-home sales slipped at the start of summer, the National Association of REALTORS (NAR) reports.

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