Existing home sales decline 4.3% in November

 · According to RE/MAX, the number of homes for sale in October declined 2.6% from September, but increased 1% from the same time a year ago. October’s supply is.

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WASHINGTON (July 23, 2019) – Existing-home sales weakened in June, as total sales saw a small decline after a previous month of gains, according. an all- time high of $285,700, up 4.3% from June 2018 ($273,800). real estate professionals is happening November 8-11, 2019 in San Francisco, CA.

Existing home sales were higher in two major US regions last month while two saw a decline. Overall, existing home sales.

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Existing-home sales in the Midwest fell 4.1 percent in November to a pace of 1.17 million, but are unchanged from a year ago. The median price in the Midwest was $151,100, which is 6.7 percent higher than November 2012. In the South, existing-home sales declined 2.4 percent to an annual level of 2.01 million in November, but are 1.0 percent above November 2012. The median price in the South was.

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Existing home sales declined 4.3% in November to a 4.90 million annual rate Posted Under: Data Watch home sales implications: existing home sales slipped 4.3% in November.

Existing-home sales in the West declined 3.6% to an annual rate of 1.08 million in September, 12.2% below a year ago. The median price in the West was $388,500, up 4.1% from September 2017.

The national median existing-home price for all housing types was $196,300 in November, up 9.4 percent from November 2012. Distressed homes – foreclosures and short sales – accounted for 14.

“The housing market underperformed its potential in June 2019, as actual existing-home sales were 1.5 percent below the market. fell to their lowest point since November 2016, and declined 0.8.

See Also: A Housing Shortage Looms as Builders Can’t Keep Up. That’s up 14% from a year ago. The supply of homes on the market, however, remains small relative to sales. With that somewhat scant stock, it would take 4.3 months at the current pace to sell through it. Properties stayed on the market for 26 days in June, unchanged from the last three months and down from 28 days a year ago.