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Tag Archives: Home Sales

California Forecast: Rising Sales, Flattening Prices

In its 2015 housing market forecast, the California Association of Realtors (CAR) calls for existing-home sales in the state to reach 402,500 next year, an increase of 5.8 percent from 2014's projected sales figure of 380,500. Even with the increase, home sales are still expected to fall short of last year's total of 414,300, demonstrating how much California's market has slowed down in 2014.

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Home Sales, Prices Continue to Decline in Connecticut

The Warren Group reported Tuesday stating that 2,735 single-family homes were sold in Connecticut in August, a decline from 2,898 in August 2013. It was the third month in 2014 in which single-family home sales declined year-over-year in Connecticut, according to the Warren report.

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August Home Sales Slow; Price Growth Mixed

Home sales in August retreated annually for the fourth straight month as home prices ticked up to a six-year high, RealtyTrac revealed Thursday in its latest sales report. According to the company's data, U.S. residential properties, including single-family homes, condos, and townhomes, sold at an estimated annual rate of 4.5 million last month, down half a percent from July and 16 percent from August 2013.

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As August Inventory Sinks, Demand Remains Strong

Examining August activity in more than 30 markets nationwide, Redfin reported a 1.4 percent month-over-month dip in home sale prices to a median $281,000, reflecting a gain of just 5.1 percent over last year. More interesting, Redfin said, was the shift in supply and demand dynamics: Even as new listings plunged 9.3 percent—nearly triple the average July-to-August decline—numbers of customers touring homes and making offers rose, demonstrating buyers aren't backing off.

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Florida Home Sales, Prices Keep Going Strong

Florida Realtors released Monday its data on the state's housing market in August, reporting a 4.2 percent year-over-year rise in single-family home sales to a total of 21,594. "For several months now, stability and consistency are key trends we're seeing in Florida's housing market, as the state’s jobs outlook remains steady and the economy continues to grow," said Florida Realtors' president, Sherri Meadows.

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End of Summer Brings Drag in Home Sales

Home sales in August remained below last year's pace for yet another month as prices inched higher, RE/MAX reported Tuesday. The real estate company calculated an 8.2 percent drop in August transactions compared to a year ago. Compared to July, August sales were down 6.6 percent. Out of the last six months, four have seen sales climb above the previous month's pace, RE/MAX reported.

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California Home Sales Weaken in August

Real estate information firm CoreLogic DataQuick estimated Friday that August home sales in the state—including new and resale houses and condos—totaled 37,228 last month, down 6.0 percent from July's estimate of 39,608. Compared to a year ago, sales fell 12.5 percent short. California sales have come in below average every month for more than eight years, the firm said.

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Housing Activity Stays Flat in Connecticut

Home sales in Connecticut barely nudged up in July, marking the fifth annual increase in what has so far been a mild year for the state. According to data released this week by the Warren Group, single-family home sales in the Constitution State totaled an estimated 3,152 in July, an increase of 0.7 percent over the same month last year.

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Cash Sales Share Down to One-Third in June

The all-cash share of home sales dropped in June to its lowest level since the start of the financial crisis, CoreLogic reported Tuesday. In a post for the company's Insights Blog, senior economist Molly Boesel revealed that cash sales accounted for 33 percent of total transactions in June, down from 36.3 percent a year ago and the lowest share since September 2008.

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Report: Mixed Housing, Economic Picture in Alabama

While the state of Alabama has been slow to recover economically since the recession officially ended five years ago, the housing market's recovery in the state has struggled along with the rest of the nation so far this year, according to a commentary from Wells Fargo's Economics Group.

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