Menu

NYSAR News

Latest News

NAR: October existing-home sales cool but low inventory drives prices

Nov 20, 2013
Existing-home sales declined for the second consecutive month in October, while constrained inventory means home prices continue to see double-digit year-over-year gains, according to the National Association of REALTORS (NAR).

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, fell 3.2 percent to a seasonally adjusted annual rate of 5.12 million in October. October closings were 6 percent higher than the 4.83 million-unit pace of October 2012.

In the Northeast, existing-home sales declined 2.9 percent to an annual rate of 670,000 in October, but are 11.7 percent higher than year-ago levels. 

To read the entire NAR press release, click here.
Featured Content

Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

NYSAR News