Existing Home Sales

According to the National Association of Realtors, existing home sales suffered a minor setback in November 2019.  Completed transactions fell 1.7 percent. Suffering along with the monthly statistic, the year-over-year tally slowed to just 2.7 percent compared to 4.6 percent as recently as October. 

Existing home sales suffered their third consecutive setback.  According to the National Association of Realtors (NAR), transactions fell 1.2 percent in January 2019 to 4.94 million units on a seasonally adjusted annualized basis; this is the worst reading since November 2015.

Existing home sales suffered a decline in July 2018 according to the National Association of Realtors.  Dropping 0.7 percent, this housing market indicator has fallen for four consecutive months.  July’s tally now posts the slowest transaction pace in over two years.

Existing homes sales were disappointing to start the second quarter of 2018 after moving higher in both February and March.  Month-over-month, transaction volume fell 2.5 percent in April.  Even more disappointing is the year-over-year tally which also fell, dropping 1.4 percent and declining for a second consecutive period.

Existing homes sales declined at the end of 2017 but edged higher for the year, putting in the best annual tally since 2006.  Data from the National Association of Realtors (NAR) show sales dropped 3.3 in December to 5.57 million annualized units, a decline from the downwardly revised tally of 5.78 million in November (originally 5.81 million).  Despite the revision, November 2017 was

Sales of existing homes jumped in November 2017 according to the National Association of Realtors. Accelerating 5.6 percent in the period, sales totaled 5.81 million units on a seasonally adjusted annualized basis. November’s sales pace is the strongest in over a decade. Additionally, October’s tally was upwardly revised to 2.4 percent (originally 2.0 percent).

Sales of existing homes moved against the recent declining trend during September 2017, increasing 0.7 percent. Rising to an annualized rate of 5.39 million units, this is the first uptick in four months. While the monthly move was up, the year-over-year tally dropped 1.5 percent which is the first annual decline since July 2016.

Transaction volume slowed in the existing homes market during the month of August 2017 according to the National Association of Realtors.  Declining 1.7 percent, there were 5.35 million units sold on an annualized basis, down from 5.44 million in July.  Compared to a year earlier, transactions gained just 0.2 percent, the slowest pace since August 2016.

Transaction volume slowed in the existing homes market during the month of August 2017 according to the National Association of Realtors.  Declining 1.7 percent, there were 5.35 million units sold on an annualized basis, down from 5.44 million in July.  Compared to a year earlier, transactions gained just 0.2 percent, the slowest pace since August 2016.