U.S. present dwelling gross sales slow down in August
Matthew RybakSeptember 21, 2015
The national affiliation of Realtors (NAR) launched its present home sale data for August 2015, showing a four.eight% decrease in current home sale activity from remaining month. current house sales figures, collected by way of NAR month-to-month, is a real estate indicator that measures the number transaction closings from a couple of listing services and products nationwide.
data on FindTheHome displays the seasonally adjusted and annualized number of existing house gross sales was once 5,310,000, down from 5,580,000 suggested in July 2015. These present dwelling resales offered at a median value of $ 228,seven hundred this month, which means that median costs fell 1.3% from final month.
Lawrence Yun, NAR chief economist, says that this slowdown may be a favorable sign for the nationwide real property market. “the good news for the housing market is that price appreciation the closing two months has started to moderate from the unhealthier charge of increase viewed prior this 12 months.”
NAR additionally reports figures for nationwide current house inventory. This month, NAR estimates that 2,290,000 properties are on the resale market, up 1.3% from final month. the usage of figures for current residence stock and sale price, NAR determined that the months provide of current homes is 5.2 months in August 2015.
trade & Finance Articles on business 2 group
(99)
