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National market update
Existing-Home Sales Slide on Tight Mortgage Availability
WASHINGTON, September 24, 2008 - Existing-home sales were down in August following a healthy gain in July as tight mortgage credit curtailed activity, according to the National Association of Realtors®. Sales rose in the Midwest and South but fell in the Northeast and West. More...
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Near-Term Home Sales to Stay in Narrow Range
WASHINGTON, September 09, 2008 - The level of home sales is expected to show little movement in the months ahead, according to the latest projections by the National Association of Realtors®. More...
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Pending Home Sales Up Strongly
WASHINGTON, October 08, 2008 - Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said home buyers were responding to improved affordability. "What we’re seeing is the momentum of people taking advantage of low home prices, with pending home sales up strongly in California, Nevada, Arizona, Florida, Rhode Island and the Washington, D.C., region,” he said. "It’s unclear how much contract activity may be impacted by the credit disruptions on Wall Street, but we’re hopeful most of the increase will translate into closed existing-home sales.” More...
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National housing indicators
Existing home sales ()
4.91 million units*
Existing home median price ()
$203,100
Housing Starts ()
895,000 units*
New home sales ()
460,000 units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
2nd Qtr 08
68.1%
2nd Qtr 07
68.2%
New home sales
Aug 08
-11.5%
July 08
+4.0%
Source: U.S. CENSUS BUREAU
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Regional market updates
View market statistics for your region.
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.
Local Prices & State Sales
Timothy Surratt
Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.
Consumer tips & hot properties
Don't Curb Buyers' First Impression
You might think the age of online real estate listings and virtual tours has rendered curb appeal less important than in days gone by. But you’d be mistaken. Sure, a potential buyer’s first impression of your home might be of your kitchen or living room, displayed on her computer screen from the comfort of her own home. More...
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Barron's Online Randall Forsyth Discusses Lending and Housing Crisis
Will 'The Donald' bale you out? Listen to Randall Forsyth, Editor of Barron's Online, discuss the future of the mortgage crisis in his Video
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Townhouse Sells for $99 Million in Moscow
WJS's THE WEALTH REPORT blog by Robert Frank looks at the lives and culture of the wealthy.
Russian petrodollars are fueling a luxury property boom in Moscow. But a seven-story, 14,000-square-foot townhome purchased for $99 million by an anonymous Russian business tycoon is raising eyebrows as it sets records. More...
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Wall Street Journal's House of the Week - Built for Art House
WSJ's House of the Week is Built for Art
"A stunning Los Angeles ultramodern residence features an open floor plan built to display high-end contemporary art. With 11,000 square feet of expansive space including a sunken living room with zinc dome, a reflecting pool, and a chic Holmby Hills address, this mansion is yours for only $25 million – art not included. More...
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Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
National Statistics
Statistics by City or Metropolitan Area
Regional Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.