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NAR existing home sales increase 2.1% in October

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Sales of Previously Owned Homes Rose in October; Supply of Properties Shrinks. Existing homes sold at a seasonally adjusted annual rate of 4.79 million units in October, the second-highest level of the year and up 2.1% from September, the National Association of Realtors said Monday..

California homes sales drop ‘Buyer fatigue’ hits California home sale market as sales drop. The number of homes on the market remained low but steady, suggesting the Sacramento region and California as a whole are seeing "buyer fatigue" after six years of nonstop price increases.

The National Realtors Association reported today on existing-homes sales for the month of October, here are some highlights: Total existing-home sales in November for single-family homes, townhomes, condominiums and co-ops, rose 2.1% from October to a seasonally adjusted annual rate of 4.79 million units, and are 10.9% above sales in October 2011.

Single-family home sales climbed 2.1 percent to a seasonally adjusted annual rate of 4.87 million in October from 4.77 million in September, but are still 1.0 percent under the 4.92 million pace a.

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

Sales of existing homes. in October as foreclosure moratoriums and a lack of credit disrupted the U.S. housing market. Purchases decreased 2.2 percent to a 4.43 million annual rate from 4.53.

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Existing-Home Sales Grow 2.0 Percent in October. The median existing-home price 2 for all housing types in October was $247,000, up 5.5 percent from October 2016 ($234,100). October’s price increase marks the 68 th straight month of year-over-year gains.

The National Association of Realtors gives us Existing Home Sales: (National Association of. by 1.6% while the refinancing.

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NAR’s Pending. Shiller report showed October home sales prices slowed for the 10th straight month. A separate report earlier this month showed sales of previously-owned dropping by 6.1% in November.

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Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

NEW YORK ( — Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday. The National Association.