Metro East REIA
- Jan 25, 2021
- 1 min read

Existing-Home Sales Up Slightly

The National Association of Realtors is reporting that existing home sales were up 0.7% in December to a seasonally-adjusted annual rate of 6.76 million (up 22.2% from one year ago). Total housing inventory at the end of December was 1.07 million units, down 16.4% from November and down 23% from one year ago. Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace with properties remaining on the market for around 21 days. The median existing-home price for all housing types was $314,300, up 13.5% from December, 2019. Continue reading HERE...

Recent Posts

See All

Housing Starts & Permits Drop in April ’24

The U.S. government is reporting that privately‐owned housing starts in March, 2024 were at a seasonally adjusted annual rate of 1,321,000, which is 14.7% lower than February’s revised number and is 4

More Baby Boomers Staying Put

A new report from Redfin says that more Baby Boomers are staying put in their homes, versus downsizing and selling. In fact, they found that over than three-quarters (78%) of older American homeowner

Open Construction Jobs Are Rising

A recent report from the NAHB’s Eye on Housing says that due to tightened monetary policy, the count of total job openings for the entire economy has trended lower over the last year. They say this is