National Market Update
Existing-Home Sales Bounce Back Strongly in May as First-time Buyers Return
WASHINGTON (June 22, 2015) — Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of Realtors®. Led by the Northeast, all major regions experienced sales increases in May.
Midyear Report: The Housing Market Is on Track for Its Best Year Since 2006 (and It Ain’t a Bubble)
As we approach the midpoint of 2015, the residential real estate market is on track for its best year since 2006, the peak of the housing bubble. (This time, though, it’s no bubble.)
National housing indicators
Existing home sales (June) 5.35 millions units*
Existing home median price (June) $228,700
Housing Starts (June) 10.36 millions units*
New home sales (June) 5.17 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
The homeownership rate in the first quarter 2015 was 63.7 percent, down 1.1 (+/- 0.4) percentage points from the first quarter 2014 rate of 64.8 percent. The homeownership rates in the Northeast, South and West were lower than the rates in the first quarter 2014, while the rate in the Midwest was not statistically different from the rate a year ago.
New home sales
Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000. This is 2.2 percent (+/- 16.7%)* above the revised April 2015 estimate of 534,000.
Source: U.S. CENSUS BUREAU
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 150 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
Consumer tips & hot properties
You probably know it’s better to buy than rent, but our data team calculated just how much you can save over 30 years: more than $200,000. With home prices rising, the time to buy is now. Read more
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Roomie Wanted—How Do I Choose From 100+ Desperate Applicants?
When one writer posted a new-roommate ad, she was inundated by emails from over 100 applicants—including whole families and retirees. Read more
Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
Statistics by City or Metropolitan Area
- Existing Home Sales
- Sales Price of Existing Homes
- Existing Single Family Home Sales
- Sales Price of Existing Single-Family Homes
- Existing Condo/Co-op Sales
- Sales Price of Existing Condo/Co-op Homes
Source: NATIONAL ASSOCIATION OF REALTORS®.