Don’t Ignore The Data

Housing: Year End Reports Reveal Market Coming Back NATIONWIDE

Every year-end housing report revealed that the real estate market is recovering quite nicely. Here is a quick synopsis of each:

 

 Existing Home Sales Report Nationwide

■Total existing-home sales rose 5.9 percent in November over last month

■Sales are 14.5 percent higher than November 2011

■Sales are at the highest level since November 2009

■The national median existing-home price was $180,600 in November, up 10.1 percent from November 2011

■Total housing inventory at the end of November fell to a 4.8-month supply; it was 5.3 months in October, and is the lowest housing supply since September of 2005 when it was 4.6 months

Pending Sales Report

■Pending home sales increased in November for the third straight month and reached the highest level in two-and-a-half years

■The index is at the highest level since April 2010 when buyers were rushing to beat the deadline for the home buyer tax credit

■With the exception of several months affected by tax stimulus, the last time there was a higher reading was in February 2007

■On a year-over-year basis, pending home sales have risen for 19 consecutive months

New Home Sales Report NATIONWIDE

■Sales of new homes rose 4.4% in November to a two-and-a-half-year high

■This is the highest level since April 2010, when a temporary tax credit boosted demand.

■Sales are now 15.3% higher compared to one year ago

 

Case Shiller Home Price Index

■Home prices rose 4.3% in the 12 months ending in October

■In nineteen of the 20 cities covered, annual returns in October were higher than September

It’s Time To Buy Real Estate!

 

About The Author

Jolie Powell

Jolie Powell has been a distinguised leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, she worked as a TV producer for the Advertising Agency, Dancer Fitzgerald Sample in NYC. Jolie's expertise in counseling buyers and sellers brings people together from Long Island, and indeed, Globally! Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, she is fluent in Spanish and communicates well with international clients relocating to the North Shore of Long Island. Jolie is proud of the high level of trust she and her clients have established and looks forward to continue building exceptional client/broker relationships.

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