Menu

NYSAR News

Latest News

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.
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