Existing-home sales decline for fifth time in six months

The National Association of Realtors said on Thursday that existing home. biggest decline since February 2017. At August’s sales pace, it would take 4.3 months to clear the current inventory, up.

Existing home sales in the Northeast grew 1.5% to an annual rate of 690,000 in September, which is a 6.8% above a year ago. The median price in the Northeast increased 3% from October 2017 and.

Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties.

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25) – Sales of existing homes fell for the fifth consecutive month in. year price decline in more than 11 years. The weakness in existing home sales followed a report last week that construction of.

 · Contracts to buy previously owned homes fell more than expected in August to their lowest level in about 1-1/2 years as the housing market continues to be sapped by a shortage of inventory that is.

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Existing home sales drop sharply, down 6.4 percent At the national level, existing home sales declined by only 0.8 percent between November and December 2006 to 6.22 million units. The National Association of Realtors released this statistic to illustrate that existing home sales have not moved dramatically up or down in the past five months.

 · December’s sales figure was down 2.4 percent from the revised 381,400 level in November and down 11.6 percent from home sales in December 2017 of 420,960. December marked the fifth month in a row that sales were below 400,000 and the lowest level of sales.

WASHINGTON (May 21, 2019) – Existing-home sales saw a minor decline in April, continuing March’s drop in sales, according to the National Association of Realtors.Two of the four major U.S. regions saw a slight dip in sales, while the West saw growth and the Midwest essentially bore no changes last month.

Sales of previously owned homes slowed for the third straight month in December, while prices continued to slip from the summer’s all-time. Existing-home sales were down 3.1 percent compared with.