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Jeanne Kayne
Coastal Premier Properties
12625 High Bluff Drive, Suite 102
San Diego, CA 92130Cell: 858-356-2351
Phone: 858-755-4663
Housing TrendsJuly 2015 |
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National market update
Existing-Home Sales Rise in June as Home Prices Surpass July 2006 Peak
WASHINGTON (July 22, 2015) — Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of Realtors®. All major regions experienced sales gains in June and have now risen above year-over-year levels for six consecutive months.
3 Reasons Why It’s a Great Time for Sellers
Rising home prices, demand from home buyers, and less competition is making 2015 a stellar year to sell for many U.S. home owners across the country, says Daren Blomquist, RealtyTrac’s vice president.
National housing indicators
Existing home sales (July)
5.49 millions units*
Existing home median price (July)
$236,400
Housing Starts (July)
1.174 millions units*
New home sales (July)
0.546 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
2nd Qtr 2015
+63.4%
2nd Qtr 2014
+64.7%
The homeownership rate in the second quarter 2015 was 63.4 percent, down 1.3 (+/- 0.4) percentage points from the second quarter 2014 rate of 64.7 percent. The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.
New home sales
June 2015
-6.8%
May 2015
-1.1%
Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000. This is 6.8 percent (+/- 12.5%)* below the revised May 2015 estimate of 517,000.
Source: U.S. CENSUS BUREAU
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Regional market updates
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Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 150 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.
Local Prices & State Sales
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Consumer tips & hot properties
5 Unexpected Lessons When Buying a Home (From People Who’ve Done It Before)
You never forget your first time… buying a house. Here’s what took us by surprise in the whole complicated process.
Dirty Secrets: 9 Things Your Landscape Designer Wishes You Knew
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Lower Your Property Taxes Now: Here’s How to File a Winning Appeal
Think you’re paying too much? Maybe you are! Appealing your assessment can really pay off.
How to Find a Home Inspector Who Will Change Your Life. Really!
A New York transplant who bought a home in Southern California tells the story of searching for—and finding—the best home inspector of all time. Here’s how you can find your own home-inspecting hero.
This Secret-Room Fad Is Kind of a Mystery
Doors in disguise and hidden rooms are in demand, and even designers aren’t sure why.
Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
National Statistics
Statistics by City or Metropolitan Area
Regional Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.