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

NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

NYSAR News