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November Existing Home Sales Plunge

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Existing home sales unexpectedly fell in April. Sales fell 3.3% month-over-month to an annualized rate of 5.04 million. Economists had expected sales of +0.8% month-on-month to an annualized rate of 5.23 million, according to Bloomberg. In March, existing home sales rose 6.1% to an annualized rate.

US home sales plunge in December. said Tuesday that sales of existing homes fell 6.4 percent in December.. triggered a softening in sales around May and climbed through November when many of.

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Economists surveyed by had been looking for a 0.4 percent rise in the index, which tracks the number of existing homes for which a sales contract has been signed but a closing has not yet.

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The National Association of Realtors® announced Friday that existing. affected current sales. “Most of the completed deals in January were based on contracts in November and December. People who.

Now, with mortgage rates lower, some revival in home sales is expected going into spring." But the drop in sales didn’t really affect the price buyers were willing to pay for a home. The median sale price of all existing homes increased 2.9 percent over December 2017. In fact, the median home price has now risen for 82 consecutive months.

However, existing home sales still dropped 7% annually, the largest drop since May 2011 – existing home sales account for 90% of all US home sales. Sales have decreased 2.3% from January to November compared to the same period in 2017, with mortgage rates and shortages of skilled workers impacting sales significantly.

Existing home sales, which were already at a 7-1/2 year low in November and down 7.0 percent from a year earlier are now 10.3 percent lower than from the 5.56 percent pace last December.

From the NAR: Existing-Home Sales Decline in Economic Uncertainty Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 8.6 percent to a seasonally adjusted annual rate of 4.49 million units in November from a downwardly revised level of 4.91 million in October, and are 10.6 percent below the 5.02 million-unit pace in November 2007.

Home sales plunge in city in November. The number fell by 8.5 percent from a year earlier. The decline wasn’t as sharp for the region.. Year-to-date, city home sales are down 4 percent from the.

Jacqueline Hafer – Broker Other guests were Mrs. Wilson’s sister, Mrs. Tina Hafer, of Fort Collins. and earned a real estate broker’s license. During pre-wedding festivities, Supreme Court Justice Sandra Day O’Connor and.