· Total housing inventory rose 2.1% to 1.96 million homes available for sale That represents a 4.2-month supply at the current sales pace Unsold inventory is 8.4% lower than a year ago , marking the 24th consecutive month with year-over-year declines

According to the National Association of Realtors. sales dropped 2.7% in October at an annual rate of 5.40 million. Economists had noted that after a 4.7% increase at an annual rate of 5.55 million.

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Pending home sales continued to ascend in June, marking two consecutive months of growth, according to the National Association of Realtors. Each of the four major regions recorded a rise in contract activity, with the West experiencing the highest surge.

Yun expects existing-home sales this year to decrease 3.1% to 5.34 million, and the national median existing-home price to increase 4.7%. Looking ahead to next year, existing sales are forecast to decline 0.4% and home prices to drop roughly 2.5%. #NARPHS

A breakdown of the figures show that pending home sales increased by 0.7% in the Northeast and are now 2.9% higher than a year ago while in the Midwest they fell by 0.5% and are 3.4% lower year on year. Pending home sales in the South rose 2.1% are now 2.6 percent above last June while in the West they grew 2.9% but are still 1.1% below a year ago.

WASHINGTON/ Nov. 24, 2017 (StlRealEstate.News) – Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors.

NAR released a summary of existing-home sales data showing that housing market activity this October, bounced back after six straight months of declines and was up 3.4 percent from last month, but dropped 5.1 percent from last year. October’s existing-home sales reached a 5.22 million seasonally adjusted annual rate. The national median existing-home price for [.]

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This page provides national and regional data on the number of new single-family houses sold and for sale. It also provides national data on median and average prices, the number of houses sold and for sale by stage of construction, and other statistics. The data are from the Survey of Construction.