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NAR: Existing-home sales jump again in October

Nov 28, 2016
Existing-home sales ascended in October for the second straight month and eclipsed June’s cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of REALTORS (NAR). 
 
Total existing-home sales grew 2 percent to a seasonally adjusted annual rate of 5.6 million in October from an upwardly revised 5.49 million in September. October’s sales pace is 5.9 percent above a year ago, and surpasses June’s pace as the highest since February 2007. 
 
October existing-home sales in the Northeast climbed 1.4 percent to an annual rate of 750,000, and are now 1.4 percent above a year ago. 
 
To read the entire NAR press release, click here.
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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

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