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National market update
Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends to New High
WASHINGTON (June 21, 2017) — Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month.
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America's 20 Hottest Real Estate Markets for June 2017
Are you ready for the housing market's Endless Summer? At least it might feel endless, because there seems to be no end in sight for the national housing shortage now that we're waist-deep in the busiest season for buying and selling, according to a preliminary analysis of June data by realtor.com®.
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National housing indicators
Existing home sales (May)
5.62 millions units*
Existing home median price (May)
$252,800
Housing Starts (May)
1.092 millions units*
New home sales (April)
0.569*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
1st Quarter 2017
63.5%
1st Quarter 2016
63.6%
The homeownership rate of 63.6 percent was not statistically different from the rate in the first quarter 2016 (63.5 percent) or the rate in the fourth quarter 2016 (63.7 percent).
New home sales
April 2017
-11.4%
May 2017
+2.9%
Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.9 percent (±13.0 percent)* above the revised April rate of 593,000 and is 8.9 percent (±21.9 percent)* above the May 2016 estimate of 560,000.
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
Jeannine Ducommun
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
10 Places Where Trading Up Your Home Is Hardest
In these cities where the housing market is feeling the squeeze, your starter home might, in fact, become your forever home. Rest assured, we have some tips to help you move up.
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The Heat Is On: 5 Sizzling Reasons to Buy a Home During Housing’s Hottest Season
There are some distinct advantages to buying a home in summer—as long as you can stand the heat of a little competition.
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8 Ways People Doom Their Own Home Sales
Home selling is a skill that most people don’t get to practice much, which is why even homeowners who have sold before might stumble on their way to market.
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Don’t Move In Without Asking the Seller These Questions
Home buyers can skip a lot of confusion in their new home just by asking the previous owner some pointed questions.
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These Organizing Mistakes Can Make Your Home Messier
If you fall into these common traps, your organizational operation could result in more clutter than before.
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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®.
