Friday, November 24, 2017

Home Sales Up 2% in October


Existing-home sales increased in October to their strongest pace since earlier this summer,
but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors®.
The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

Days on the market estimated 34 days one year ago was 41 days, inventory still low only 3.9 month supply.



Next release: Existing-Home Sales data release for November 2017 is scheduled for Wednesday, December 20, 2017.

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