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Existing Home Sales

Existing Home Sales Lowest In 3 Years With 4.1% September Drop

The National Association of Realtors reported the lowest levels for existing U.S. home sales in 3 years. Sales of existing homes posted at a seasonally adjusted annual rate of 5,115,000 for September, down from August numbers which were also revised lower. The year-over-year decline in existing home sales of 4.1 percent puts sales levels back to where they were three years ago. Existing home inventory at 1.88 million homes was up slightly from last year's 1.86 million units. NAR's chief economist, Lawrence Yun, indicated that "higher interest rates have led to a decline in sales [...]

By |2020-09-22T15:47:51+00:00October 19th, 2018|Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Mortgage Rates, Texas Real Estate|0 Comments
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Existing Home Sales Soften As New Home Permits Stall

Today the National Association of Realtors reported that existing home sales for August came in flat from last month, actually down about 1.5% from this time last year. The median price of an existing home sold in the U.S. during the month of August posted at $264,800, a rise of 4.6 percent year-over-year and the 78th consecutive month of year-over-year price gains. According to NAR chief economist, Lawrence Yun, "homes continue to fly off the shelves" with most properties selling within a month. The supply of existing homes in the United States rose to 4.3 [...]

By |2018-09-22T13:07:37+00:00September 20th, 2018|Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Policy, Mortgage Rates|0 Comments
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New Home Sales Miss Expectations In June Despite Lower Prices

The Census Bureau reported new home sales for June at a seasonally adjusted annual rate of 631,000. This was below expectations, and a 5.3 percent decline from May. The previous three months were also revised lower. Compared to last June, new home sales were up a modest 2.4%. Surprisingly, the decline in new construction sales came despite lower median and average prices for new homes in June. The median price of $302,100 was $13,100 less than last year. The average price of $363,300 was $7300 lower. It would appear that new home buyers are suffering [...]

By |2018-07-25T21:17:19+00:00July 25th, 2018|Denton County Home Prices, Denton County New Homes, Denton Tx New Homes, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Market, Mortgage Rates, New Home Sales, Texas Real Estate|0 Comments
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Existing Home Sales Slide For 3rd Consecutive Month

The National Association of Realtors (NAR) says existing home sales in the U.S. decreased in May to a seasonally adjusted annual rate of 5.43 million. This is down from a downwardly revised April figure, and the third consecutive month of declining year-over-year sales. NAR chief economist, Lawrence Yun, seems to be puzzled by the stagnation of sales citing a solid economy and job market: Lawrence Yun, NAR chief economist, says a solid economy and job market should be generating a much stronger sales pace than what has been seen so far this year. “Closings were [...]

By |2019-02-06T01:39:32+00:00June 20th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton Tx Home Prices, Denton TX Homes For Sale, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Market, Texas Real Estate|0 Comments
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April Existing Home Sales Soften 2.5%

The National Association of Realtors reported a 2.5 percent slide in existing home sales for April. That translates to a 1.4 percent decline compared to last year. According to NAR the median price of an existing home sold in April was $257,900, a rise  of 5.3 percent compared to last year. The average price of an existing home was $297,300, an increase of 3.3 percent compared to last year. NAR chief economist, Lawrence Yun, blamed low inventory for the sluggish April sales... “The root cause of the underperforming sales activity in much of the country [...]

By |2019-02-06T01:40:57+00:00May 24th, 2018|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Politics, Spin Cycle, Texas Real Estate|0 Comments
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New Home Sales Climb In March With Lower Average Prices

The Census Bureau reported that new home sales in the United States climbed to a seasonally adjusted annual rate (SAAR) of 694,000 in March. This represents a sales increase of almost 9 percent compared to last year. Sales for January and February were also revised higher. The median price of a home sold in March was $337,200 while the average price of a new home contracted in March was $369,900 according to Census estimates. While the median price climbed in March, the average price of a new home in the United States declined by $14,500 [...]

By |2018-04-24T18:39:48+00:00April 24th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW New Homes, Existing Home Sales, Housing Market, Mortgage Rates, New Home Sales|0 Comments
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Existing Home Sales Slump 4.8% In January, Denton County Sees 2.5% Rise

The National Association of Realtors reported that existing home sales slumped 4.8 percent in January. Despite a month-over-month increase in available inventory, existing home sales still came in softer than expected. The median price of an existing home was $240,500 in January, an increase of 5.8 percent from a year ago. Existing home prices have increased for 71 consecutive months according to NAR while existing home inventory has declined year-0ver-year for 32 consecutive months. In a sign that higher mortgage rates are starting to put a damper on sales, first-time buyers accounted for only 29 [...]

By |2019-07-20T19:52:53+00:00February 22nd, 2018|Dallas Tx Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Existing Home Sales, Housing Market, Mortgage Rates|0 Comments
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New Home Sales Get Reality Check In December As Median Prices Hit Record High

Following yesterday's relatively weak existing home sales numbers from NAR, December new home sales posted at at seasonally adjusted annual rate of 625,000. That was a 9 percent drop from the euphoric November new home sales numbers, which were revised sharply lower along with October numbers. The median price of a new home in the U.S. hit a new high of $335,400 while the average price rose to $398,900. Existing home sales continue to suffer from an acute shortage of inventory and inflated prices. New home sales, while still growing, are even more expensive compared [...]

By |2019-02-06T01:43:16+00:00January 25th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton TX Homes For Sale, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Economy, Existing Home Sales, Housing Market, New Home Sales, Real Estate, Relocation|0 Comments
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New Home Sales Soar In November Despite Higher Prices

New home sales jumped 26.6 percent compared to November of last year. The Census Bureau reported that new home sales for November posted at a seasonally adjusted annual rate of 733,000. This was well above expectations, and a 17.5 percent increase from the revised October numbers. Before you get too excited however, it's important to realize that the Census numbers are highly volatile and subject to significant revisions. The previous three months of new home sales were all revised lower, so expect some revisions to this November spike as well. The median price of a [...]

By |2017-12-23T22:09:36+00:00December 22nd, 2017|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, DFW Real Estate, Existing Home Sales, Housing Market, New Home Sales|0 Comments
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New Home Sales Jump In October, Average Prices Hit New High

New home sales continued to enjoy a hurricane-related boost in October. The Census Bureau reported new single-family home sales at a seasonally adjusted annual rate of 685,000, up 6.2 percent from revised September numbers and 18.7 percent higher than a year ago. The median price of a new home in October was $312,800 while the average price of a new home was $400,200. The talking heads will no doubt see this as a boon for the housing industry, and the numbers are certainly encouraging. That being said, I wouldn't read too much into the volatile [...]

By |2022-01-05T03:41:12+00:00November 27th, 2017|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton Tx Home Prices, Denton Tx New Homes, Development, DFW Home Prices, Economy, Existing Home Sales, Housing Market, In the Press, New Home Sales, Real Estate, Texas Home Prices, Texas Real Estate|0 Comments
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