Barbara Straty/Cheryl Maultsby

RE/MAX Space Center

1150 Clear Lake City Blvd. Ste 100
Houston, TX 77062


Cell: 281-507-6345   
Phone: (281) 204-1037 
Fax: (281) 204-1137

Housing Trends

April 2016

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National market update

Existing-Home Sales Spring Ahead in March

WASHINGTON (April 20, 2016) — Bolstered by big gains in the Northeast and Midwest, existing-home sales bounced back in March and remained slightly up from a year ago, according to the National Association of Realtors®.



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Realtors® Give Homebuyers Leg Up in Competitive Spring Market

WASHINGTON (April 13, 2016) – With demand exceeding supply in markets across the U.S., homebuyers may be facing an uphill battle to find the perfect home this spring. Total housing inventory at the end of February was 1.88 million existing homes available for sale, 1.1 percent lower than last year and at a 4.4 month supply at the current sales pace, which is below the roughly six month supply level needed for a balanced market between buyers and sellers.



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National housing indicators

Existing home sales (March)

5.33 millions units*

Existing home median price (March)

$222,700

Housing Starts (March)

1.089 millions units*

New home sales (February)

0.512 millions units*

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

National economic indicators

Home ownership

4th Qtr 2015

+63.8%

4th Qtr 2014

+64%

The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.

New home sales

February 2016

+2.0%

January 2016

-7.0%

Sales of new single-family houses in February 2016 were at a seasonally adjusted annual rate of 512,000. This is 2.0 percent (+/- 18.8%)* above the revised January 2016 estimate of 502,000.

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 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.

Barbara Straty/Cheryl Maultsby

My husband Jim and I are full golf members at Bay Oaks Country Club and invite you for a complimentary round of golf. The grill has been totally remodeled and the fitness component is up and running with state of the art equipment.Many fall specials make this an ideal time to visit the club and become a member of our family of friends. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.