top of page
  • Metro East REIA

Existing-Home Sales Drop 5.9% in October

The National Association of Realtors is reporting that existing home sales were down 5.9% in October to a seasonally-adjusted annual rate of 4.43 million (down 28.4% year over year). Total housing inventory at the end of October was 1.22 million units, down 0.8% from September and down 0.8% from one year ago. Unsold inventory sits at a 3.3-month supply at the current sales rate with properties remaining on the market for around 21 days. The median existing-home price for all housing types in July was $379,100, up 6.6% from one year ago. Continue reading HERE...

3 views0 comments

Recent Posts

See All

Are You Making Estimated Payments?

The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be made to the IRS throughout the year as income is

Seller Finance Coalition (SFC) Update

As you may recall, the Affordable Homeownership Access Act (HR 3464) seeks to provide working families with another access point to the home buying process by providing relief to individuals and small

bottom of page