Marta Mohan

Keller Williams Realty

1650 Highway 6 South, ste.350
Sugar Land, TX 77478


Cell: 281-340-4169   
Phone: 281-302-5951 
Fax: 281-754-4431

Housing Trends

November 2012

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National market update

Existing-Home Sales Rise in October with Ongoing Price and Equity Gains

WASHINGTON (November 19, 2012) - Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, while home prices continued to rise due to lower levels of inventory supply, according to the National Association of Realtors®. More...
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National housing indicators

Existing home sales ()

4.79 million units*

Existing home median price ()

$178,600

Housing Starts ()

894,000 units*

New home sales ()

389,000 units (September)*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

3rd Qtr 12

65.5%

3rd Qtr 11

66.3%

The homeownership rate in the third quarter 2012 (65.5 percent) was lower than the third quarter 2011 rate (66.3 percent). The homeownership rate in the South was lower than the corresponding second quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different.

New home sales

Sept 12

+5.7%

Aug 12

-1.3%

Sales of new single-family houses in September 2012 were at a seasonally adjusted annual rate of 389,000. This is 5.7 percent (+/- 14.8%)* above the revised August 2012 estimate of 368,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 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.

Marta Mohan

The news on TV would make one think that every state is suffering equally in today's Real Estate market. I want to remind you that the most important real estate market is the neighborhood where you live. If you are curious about what is happening in your neighborhood, please contact me, so I can give you the numbers that are specific to you.

Thank you for visiting my real estate newsletter. I hope you find this site informative and useful. Keeping informed is the best way to be successful when selling or buying a home. Call me at 281-302-5951 or visit my website http://www.MartaMohan.com for a FREE report on “10 Questions to Ask Your REALTOR®.” Read more

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Existing Home Statistics

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