top of page
  • Metro East REIA

Annual Existing-Home Sales Hit Their Highest Mark Since 2006

The National Association of Realtors is reporting that existing home sales were down 4.6% in December to a seasonally-adjusted annual rate of 6.18 million (down 2% from one year ago). However, the NAR points out that In 2021 existing-home sales totaled around 6.12 million, which is an increase of 8.5% from 2020 and the highest annual level since 2006. Total housing inventory at the end of December was 910k units, down 14.2% from one year ago. Unsold inventory sits at a 1.8-month supply at the current sales pace with properties remaining on the market for around 19 days. The median existing-home price for all housing types in December was $358k, up 15.8% from December 2020. Continue reading HERE...

0 views0 comments

Recent Posts

See All

The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,450,000, which is 9.8% higher than January’s revised number but is 18.4%

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,702 in February, the same as January’s figure. Yardi says year-over-year growth continued its downw

bottom of page