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Existing Home Sales

NAR: Existing Home Sales Rise Double Digits

The National Association of Realtors reported existing home sales for August at a seasonally adjusted annual rate (SAAR) of 6,000,000 units. That was up 2.4 percent from July numbers and a 10.5 percent increase from August of last year. According to NAR the median price of an existing home was $310,600 in August.  That's an increase of 11.4 percent from August 2019. The average price of an existing home jumped 8.8 percent from last year to $342,500. August was the 102nd straight month of year-over-year home price gains. Home price inflation is running well ahead [...]

By |2020-09-24T10:49:15+00:00September 22nd, 2020|Denton County Home Prices, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales|0 Comments
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NAR: Existing Home Sales Up 3.9% In September

The National Association of Realtors reported a 3.9% increase in existing home sales for the month of September. Home sales in the South region were reportedly up 6 percent according to NAR, and this is reflective of what we saw in the North Texas housing market last month. The big year-over-drop in rates pushed both home sales and prices higher last month. According to NAR the median price of an existing U.S. home increased 5.9% in September. The average price of a U.S. home at $308,500 was higher by 4.2%. Months of supply stood at [...]

By |2019-10-22T16:58:41+00:00October 22nd, 2019|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, Real Estate, Texas Real Estate|0 Comments
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Existing Home Sales Snap 16 Month Losing Streak, Rise 0.6%

The National Association of Realtors reported existing home sales for July at a seasonally adjusted annual rate of 5.42 million. That's 2.5 percent better than last month according to NAR's revised figures, and up 0.6 percent from July of last year. All it took was a complete capitulation by the Federal Reserve on policy normalization and a dramatic 75 basis point drop in mortgage rates. The median price of a home in July was $280,800, up 4.3% from last year. The average price of an existing home sold in July was $317,100, a rise of [...]

By |2019-08-21T18:59:02+00:00August 21st, 2019|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales, Housing Market|0 Comments
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Existing Home Sales Decline For 14th Consecutive Month

The National Association of Realtors reported existing home sales for April which came in short of expectations. Existing sales in April posted at a seasonally adjusted annual rate of 5.19 million units. This was 0.4 percent lower than March and 4.4 percent lower than April of 2018. According to NAR the median price of an existing home rose 3.6% in April to $267,300. The average price of an existing home in the U.S. rose 2.5% to $305,200. The inventory of existing homes for sale in April stood at 4.2 months, up 5% from a year [...]

By |2019-05-21T19:43:44+00:00May 21st, 2019|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, Economy, Existing Home Sales, Mortgage Rates, Spin Cycle|0 Comments
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NAR: Existing Home Sales Disappoint, Down 5.4% In March

The National Association of Realtors reported existing home sales dropped 4.9 percent in March. This puts existing U.S. home sales down 5.4 percent compared to last year. Apparently the stimulus provided by crashing mortgage interest rates has already run its course. Home builders certainly aren't taking any chances, as confirmed by the weak starts and permits data we saw last week. Builders are apparently happy to sell off some of their remaining new home inventory rather than ramp up production in a meaningful way. NAR reported that the median price of an existing home in [...]

By |2019-04-22T21:43:03+00:00April 22nd, 2019|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Existing Home Sales|0 Comments
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NAR: Existing Home Sales At 3-Year Low In January

The National Association of Realtors reported that existing home sales for January posted at a seasonally adjusted annual rate (SAAR) of 4.94 million. This was 1.2 percent lower than the December reading, and 8.5 percent lower than the same time a year ago. The median price of a resale home sold in January was $247,500 while the average price of a U.S. resale property sold in January was $286,800. With the modest rise in prices, January saw the 83rd consecutive month of year-over-year price gains. The inventory of existing homes in the U.S. rose 4.6 [...]

By |2019-02-21T19:23:37+00:00February 21st, 2019|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, Economy, Existing Home Sales, Housing Market, In the Press, Mortgage Rates, Real Estate|0 Comments
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NAR: Existing Home Sales Dropped 10.3% In December

Yesterday the National Association of Realtors told us existing home sales in the U.S. were down 10.3 percent compared to the same time a year ago. NAR's chief economist, Lawrence Yun, blamed the rise in mortgage rates. "The housing market is obviously very sensitive to mortgage rates. Softer sales in December reflected consumer search processes and contract signing activity in previous months when mortgage rates were higher than today. Now, with mortgage rates lower, some revival in home sales is expected going into spring." Yun is correct to a point, but still missing the bigger [...]

By |2019-04-12T16:16:26+00:00January 23rd, 2019|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, In the Press, Mortgage Rates|0 Comments
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U.S. Existing Home Sales Down Seven Percent In November

The National Association of Realtors reported existing home sales for November at a seasonally adjusted annual rate (SAAR) of 5.32 million. This was up slightly from October but still down seven percent compared to the same time last year. The spike in mortgage interest rates was still lingering over the real estate market in November. The median price of an existing home sold in November was $257,700 in November, a rise of 4.2 percent year-over-year and the 81st consecutive month of year-over-year home price increases. The average price of an existing home sold in November [...]

By |2018-12-20T09:54:54+00:00December 19th, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Markets, Mortgage Rates|0 Comments
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Denton County Existing Home Sales Decline 11% In October

Denton County existing home sales declined 11 percent in the month of October. Sales of existing single-family homes were a bit softer still. Pending sales of existing resale single-family properties in Denton County currently show an 18 percent decline for October.  These updated NTREIS figures for Denton County Texas show that the correction in the North Texas real estate market is still in play. We are nearing the end of the month following the official press release, so don't expect any significant improvements to the numbers. As I mentioned in my October housing market report, [...]

By |2019-07-20T19:50:55+00:00November 22nd, 2018|Denton County Home Prices, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Texas Real Estate|0 Comments
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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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