Existing home sales fall, but up 11% from last year

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NAR released a summary of existing-home sales data showing that housing market activity this February, bounced back and was up. Despite the month over month gains, sales of existing-homes dropped 1.8 percent from February 2018.. Single-family home sales fell 1.4 percent and condominium sales.

The National Association of Realtors said on Wednesday existing home sales. units last month. "Realtors are reporting stronger foot traffic from a year ago, but low supply in the affordable price.

The median sales price was $310,000, up 11% from first quarter 2018. Sisters had 55 sales, similar to 57 a year ago. The median sales price was $410,000, up 9% from last year.

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 · Existing-home sales in the South rose 1.9 percent to an annual of 2.15 million units, a 2.3 percent annual decline. The region’s median price increased 3.8 percent to $221,600. Sales in the West grew 2.8 percent to an annual rate of 1.11 million but were down 11.2 percent from the previous October. Prices increased a median of 1.9 percent to $382,900.

Canadian Real Estate Sales Fell Over 11% In 2018. Canadian real estate sales made a substantial decline last year. CREA preliminary numbers show 458,442 sales in 2018, an 11.1% decline from 2017. Last year’s number is also 2.1% lower than median number of the 10 years prior. worth noting that these numbers are CREA’s preliminary numbers.

Construction on new houses sank 11% in December to a more than two-year low, but builders applied for more permits in a sign that a rebound is near.. Home prices fall to a fresh four-year low.

Foreign buyers are more likely to purchase a home with all cash than a domestic buyer. 47% of all international transactions were reported as all cash, compared to 21% of existing-home sales.

 · Overall, the most selection is on the high end. The number of homes priced at $750,000 and above shot up 11% year over year in February.

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Vancouver Real Estate Market Update December 2018 The U.S. Housing Market Looks Headed for Its Worst Slowdown in. – They were fed up with Seattle's home bidding wars.. July 26, 2018, 2:00 AM PDT Updated on July 26, 2018, 9:41 AM PDT. Some of the most expensive markets, where sales are falling under the weight of prices, are now. “The rate of home sales, new and existing, has probably peaked,” said Ian.

 · This chart shows the number of existing family home sales from December 2006 to February 2011. US existing home sales for last month were 2.7 percent lower than a year ago.