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National market update
Existing-Home Sales Suffer Setback in November, Fall to Slowest Pace Since April 2014
WASHINGTON (December 22, 2015) — Existing-home sales dropped off considerably in November to the slowest pace in 19 months, but some of the decrease was likely because of an apparent rise in closing timeframes that may have pushed some transactions into December, according to the National Association of Realtors®. All four major regions saw sales declines in November.
The Hottest U.S. Housing Markets in December 2015
Even if you don’t celebrate Christmas, Hanukkah, Kwanza, or Festivus, the holidays seem to really take over the month of December: With long lines everywhere, office parties, decorations, and random elf sightings, everything else practically grinds to a halt. It’s typically not the best time to find a new job, start a diet, or—especially—buy or sell a home.
National housing indicators
Existing home sales ()
4.76 millions units*
Existing home median price ()
Housing Starts ()
1.173 millions units*
New home sales ()
0.495 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
3rd Qtr 2015
3rd Qtr 2014
The homeownership rate in the third quarter 2015 was 63.7 percent, down 0.7 (+/- 0.4) percentage points from the third quarter 2014 rate of 64.4 percent. The homeownership rate in the Northeast was lower than the rate one year ago, while the rates in the Midwest, South and West were not statistically different from the rates in the third quarter 2014.
New home sales
Sales of new single-family houses in November 2015 were at a seasonally adjusted annual rate of 490,000. This is 4.3 percent (+/- 11.9%)* above the revised October 2015 estimate of 470,000.
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
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Consumer tips & hot properties
The 5 Real Estate Trends That Will Shape 2016
Our chief economist, Jonathan Smoke, predicts the trends that will define the housing market.
Your Favorite Words of Real Estate Wisdom
Here are the 10 advice stories you viewed, shared, and discussed the most in 2015.
Find Out What Really Happens When You Waive Contingencies to Score a Home
Waiving some contingencies is riskier than others. We set out to discover which ones are the most innocuous of the bunch—and which are the most terrifying.
Holding an Open House? Don’t Make These 7 Huge Mistakes
Even if you're not at the open house (nor should you be!), there are still quite a few ways that you can screw it up.
‘Stop Yelling at Us’—and 5 Other Things Your Home Contractor Wishes You Knew
Follow these insider tips to avoid shoddy work, an inflated bill, and poor communication.
Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
Statistics by City or Metropolitan Area
Source: NATIONAL ASSOCIATION OF REALTORS®.