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National market update
Existing-Home Sales Slide in December; 2016 Sales Best Since 2006
WASHINGTON (January 24, 2017) — Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors®.
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February is Best for Housing Bargains
Frigid temperatures and treacherous winter weather are here to stay a little while longer, since the groundhog Punxsutawney Phil saw his shadow this morning, signaling six more weeks of winter.
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National housing indicators
Existing home sales (December)
5.49 millions units*
Existing home median price (December)
$232,200
Housing Starts (December)
1.226 millions units*
New home sales (November)
0.592 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
3rd Quarter 2016
+63.5%
3rd Quarter 2015
+63.8%
The homeownership rate of 63.7 percent was not statistically different from the rate in the fourth quarter 2015 (63.8 percent) or the rate in the third quarter 2016 (63.5 percent).
New home sales
Dec 2016
-10.4%
Nov 2016
+5.2%
Sales of new single-family houses in December 2016 were at a seasonally adjusted annual rate of 536,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.4 percent (±12.2%)* below the revised November rate of 598,000 and is 0.4 percent (±11.7%)* below the December 2015 estimate of 538,000.
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 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
Cynthia Hill
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
These 10 U.S. Cities Have the Biggest Housing Shortages
A lack of homes for sale across the nation is driving up prices and frustrating buyers. Here's where the shortage is most severe—and getting worse.
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3 Crucial Reasons You Should Buy a Home Before 2017 Ends
With each passing month in 2017, real estate experts expect it to become more difficult to buy a home. So if you're in the market for a new house, you should get started pronto.
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4 Urgent Reasons You Should Sell Your Home in 2017
The sooner you can sell your home this year, the sooner you stand to put more money in your pocket. Here’s what's driving the urgency.
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The Renovations That Will Pay Off the Most for Your Home in 2017
Thinking about doing some remodeling? Find out which upgrades will really pay for themselves when it comes time to sell your home.
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These 8 Emerging Design Trends Will Be All the Rage in 2017
When one trend goes out, another must come in. So what's replacing the old fads with fun, new ideas? These eight trends promise to hit it big in 2017.
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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®.