After five months of upswing, sales of existing homes were lower in November.

They lowered 2.5% month-to-month to a seasonally adjusted yearly rate; 6.69 million units. Sales were 25.8% higher YoY. 

Single-families, condos, co-ops, and townhomes had a median price of $274,500, which reflects a +7.8% YOY. The median price for single-family sales was $276,900, while condos pulled $255,400.

The U.S. median housing selling price has a new record.

For the past two months pending homes sales have noticed a significant decline, however, in May they raised by 44.3% compared to April, according to the NAR (National Association of Realtors). 

According to a new residential sales report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, residential home sales rose 3.5 percent in August– a better-than-expected turnout, signifying a healthy economy and a strong market.

National pending home sales saw a decline of 0.5% nationally for the fifth month in a row, according to the Pending Home Sales Index by the National Association of Realtors (NAR)...

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New-home sales in March took off, with an increase of 4 percent to 694,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-homes sales price was $369,900, with the inventory at 301,000—a 5.2-months [...]

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