Home Sales Statistics Archive
Low Inventory Is Pushing Prices Up and Days on Market Down
Existing-homes rebounded nicely in May as more buyers navigated the headwinds of weaker affordability and limited listings in the affordable price range. It’s very evident that supply this spring severely lags demand in many parts of the country. It’s...
June 21, 2017
Highlights from Lawrence Yun’s #NAREE17 Housing Forecast Presentation
The economic and housing forecast panel at the annual National Association of Real Estate Editors (NAREE) spring conference is always one of the most interesting and engaging sessions during the week. This year’s session in Denver did not disappoint....
June 16, 2017
Leaping Over the Hurdles to Homeownership
What can be done to ensure creditworthy households today and in the future have the opportunity to experience the personal and financial benefits of owning a home? That was the question on the minds of those in a packed...
June 9, 2017
Contract Activity Declines for Second Straight Month in April
The “double-whammy” of severely inadequate inventory conditions and home prices far outpacing incomes caused contract signings to slide last month. I sat down with NAR Chief Economist Lawrence Yun to discuss the reasoning behind the pending sales slowdown, what...
May 31, 2017
Existing-Home Sales Cooled in April
Home sales in April (-2.3 percent) could not keep up with the notable upswing seen in March (4.2 percent). It seems that we keep singing the same old tune every month about there not being enough inventory to satisfy...
May 24, 2017
NAR Midyear Forecast: Existing Sales Up 3.5 Percent
One of the most well-attended forums at the annual REALTORS® Legislative Meetings & Trade Expo is the Thursday morning housing and economic forecast headlined by NAR Chief Economist Lawrence Yun. This morning’s all-star trifecta of speakers did not disappoint. Yun was...
May 18, 2017
Instant Reaction: April Housing Starts
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on April residential construction: “With housing starts declining in April, inventory shortages will continue for a longer period of time. The intensifying housing...
May 16, 2017
Low Inventory Spurs Faster Price Growth in First Quarter
It’s no surprise today’s first quarter metro price report revealed that prices accelerated for the third straight quarter. That’s what happens when sales are strong and inventories remain near record lows. What is amazing is just how fast some metro...
May 15, 2017
Looking at Mexican Buyers of U.S. Property on Cindo de Mayo
Cinco de Mayo recognizes the Mexican army’s triumph over France at the Battle of Puebla on May 5, 1862. While today gives us a chance to celebrate Mexican culture here in the U.S., many of our Mexican friends own...
May 5, 2017
WATCH: Lawrence Yun Discusses March Pending Sales, Inventory and Lumber
After last week’s report of a solid 4.4 percent jump in existing-home sales in March, signed contracts to purchase homes split the other way, inching backward 0.8 percent. The reason, according to NAR Chief Economist Lawrence Yun, is simple:...
April 27, 2017