Menu

NYSAR News

Latest News

NAR: Existing home sales strong in May, jump more than 11 percent for Northeast

Jun 23, 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 (NAR). 
 
Total existing-home sales, which include single-family townhomes, condominiums and co-ops, rose 5.1 percent to a seasonally adjusted annual rate of 5.35 million in May. May closings were 9.2 percent above a year ago.
 
In the Northeast, May existing-home sales jumped 11.3 percent to an annual rate of 690,000, and are 11.3 percent above a year ago.
 
Click here to read the entire NAR press release.
Featured Content

New York first quarter statewide home sales strong 
despite slide from record pace

With 25,192 closed sales across the Empire state in the first quarter, the housing market posted a strong start to 2018, even as it fell short of 2017’s record. The first quarter 2018 statewide median sales price of $260,000 represented an increase of 7.4 percent from a year ago. Click here to read more.

NYSAR News