Existing-Home Sales Rebound in December, 2014 Total Sales Finish 3 Percent Below 2013
WASHINGTON (January 23, 2015) – Despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months, according to the National Association of Realtors®. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013.
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Ready for a Jolt to the Housing Market?
The strengthening of the economy will drive the housing market forward this year and make up for last year’s "unspectacular” housing activity, according to Fannie Mae’s Economic & Strategic Research Group’s report, released Thursday. Stronger wages for many Americans likely will lead to a higher rate of household formation in 2015, Fannie researchers note.
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National housing indicators
Existing home sales (January)
5.04 millions units*
Existing home median price (January)
$209,500
Housing Starts (January)
1.089 millions units*
New home sales (January)
4.38 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
3rd Qtr 2014
+64.4%
3rd Qtr 2013
+65.3%
The homeownership rate in the third quarter 2014 was 64.4 percent, down 0.9 (+/- 0.4) percentage points from the third quarter 2013 rate of 65.3 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the third quarter 2013, while the rate in the West was not statistically different from the rate a year ago.
New home sales
November 2014
-1.6%
October 2014
-2.2%
Sales of new single-family houses in November 2014 were at a seasonally adjusted annual rate of 438,000. This is 1.6 percent (+/- 12.3%)* below the revised October 2014 estimate of 445,000.
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 150 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
Melissa Conrad
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.
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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®.
