2 Things You Need to Know to Properly Price Your Home 2 Things You Need to Know to Properly Price Your Home In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms.
· The S&P 500 finished the month up 1.8%. reits climbed 4.6% while Homebuilders jumped 4.4%.US interest rates continue to. new home sales are still higher by 5% while pending sales are lower by 2.
The average sale price of all residential sales in July increased 13.2 per cent to $387,102 compared to July 2015. "We’re still seeing buyers compete for a limited number of listings on the market and the skew in supply and demand is maintaining an upward pressure on home prices in the Region," says Zawada.
· New home sales continued on a winning streak in March , increasing for the third straight month. The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes were at a seasonally adjusted annual rate of 692,000 units during the month. This is a 4.5 percent increase over [.]
· MORE: Scoring summary Grand Rapids, who had a five-game winning streak of their own coming into the game, fell back to .500 with a record of 16-16-1.
New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7% from a year ago to $308,000. Still, there are signs that sales could recover. Sales of existing homes – which are the bulk of the market – rebounded in May.
After a surprise rebound in existing home sales (even as condo sales slumped), new home sales were expected to rebound in Feb from their 7.8% plunge in January, but grossly disappointed, dropping 0.6% MoM – the 3rd monthly drop in a row.. This is the first time new home sales declined for 3 straight months since Q1 2014
After rebounding in May, new home sales plummeted 5.3% in June but were up 2.4% compared with June 2017, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.. The approximately 631,000 new home sales in June was down from about 666,000 in May but up from about 616,000 in June 2017.
Friday morning’s release of the February New Home Sales from the Census Bureau came in at 618K, down 0.6% month-over-month from a revised 622K in January. The Investing.com forecast was for 623K.
New Home Sales Cooled in February Supply of new homes improving, with a 5.9-month supply on the market at the end of February, the highest level since august. 2018 11:39 am ET