Tag Archives: Home Sales

Florida Realtors reported that closed sales of single-family homes came to 20,792 last month, an increase of 13.5 percent over September 2013. Meanwhile, the statewide median sales price for single-family existing homes in September was $180,000, up 5.9 percent from the previous year.

According to transaction data from CoreLogic, home sales transacted entirely in cash accounted for 32.9 percent of total home sales in July, down from 35.9 percent in July 2013. It was the lowest cash sales share since August 2008. As of July, all-cash sales were still well above their pre-crisis average of 25 percent as traditional mortgage buyers still find it difficult to get a foot into the market.

Though September home sales were down 10.4 percent from August—an expected seasonal trend—September is the first month in 2014 in which home sales exceeded those one year prior, according to the latest National Housing Report from RE/MAX. The firm found that home sales last month were 0.9 percent higher than in September 2013, which is no small feat, considering that 2013 was marked by double-digit growth in home sales nationwide.

According to an analysis from Redfin, housing stock in all of its tracked markets totaled 563,377 in September, up 4.1 percent from August and 6.3 percent from a year prior. Even with the unexpected rise in inventory, analysts at the company expressed doubt that supply will be able to keep pace with demand in the coming months, especially with home affordability still looking favorable.

Despite an uptick between the second and third quarters, home sales in the state of Pennsylvania failed once again to hit year-ago levels, according to data released Monday by the Pennsylvania Association of Realtors (PAR).

Persisting tight lending standards may have cost the housing market about 18,700 new home sales in the last six months, according to a survey conducted by the National Association of Home Builders (NAHB). A large majority—83 percent—of homebuilders surveyed stated they lost sales because potential buyers did not qualify for mortgage loans. The average builder lost nearly 10 percent of sales for this reason, according to the NAHB survey.

Single-family home sales fell annually in Rhode Island for the fifth month this year in August, dropping by double digits even as selling prices came down, the Warren Group reported. Warren Group CEO Timothy M. Warren Jr. called the decline "discouraging," especially after the market gained some steam in July.

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.

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.

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.