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NAR: Existing-home sales jump in January

Feb 24, 2017
Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of REALTORS (NAR). 

Total existing-home sales expanded 3.3 percent to a seasonally adjusted annual rate of 5.69 million in January. January’s sales pace is 3.8 percent higher than a year ago and surpasses November 2016 as the strongest since February 2007. 

January existing-home sales in the Northeast jumped 5.3 percent to an annual rate of 800,000, and are now 6.7 percent above a year ago. 

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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.

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