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Housing TrendsJanuary 2018 |
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WASHINGTON (December 20, 2017) — Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years, according to the National Association of Realtors®. All major regions except for the West saw a significant hike in sales activity last month.
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What was the most epic, death-defying commute of all time? Lewis and Clark traversing the western United States? Moses and his people crossing the Red Sea? Noah and the Ark? Or was it you last Thursday—sucking down highway fumes in a soul-crushing, bumper-to-bumper expedition to arrive at work on time?
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5.81 million units*
$248,000
1.297 millions units*
0.685 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
63.9%
63.7%
The homeownership rate of 63.9 percent was not statistically different from the rates in the third quarter 2016 (63.5 percent) or the second quarter 2017 (63.7 percent).
+6.2%
+17.5%
Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016 estimate of 579,000.
Source: U.S. CENSUS BUREAU
Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.
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What do the most promising housing markets of 2018 have in common? For starters, they're more affordable than some of the buzziest coastal cities.
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View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
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