As of June 2018, the national median sales price of existing homes sold rose to a peak of $276,900, the highest level since 2001.
Seventy-two percent of REALTORS® said that real estate was their only occupation—showing that agents heavily invest their time into the industry.
Prices continue to drift up this quarter with 90% of the markets showing home price appreciation.
It is noteworthy that, among the top ten metro areas with the most severe housing shortage, seven are located in California.
Manufactured homes have increasingly become safer, with customized designs that give them the look of site-built homes, while being highly affordable at half the cost of site-built homes.
Since U.S. workers are changing jobs more frequently than a couple of years ago, we take a closer look at the most popular moving destinations and the local housing market conditions in these areas.
Through the first half of 2018, existing-home sales are down just a tad, by 2.2%, while new home sales are up 7.4%. Home prices continue to move higher by 5%.
Foreign buyers 266,800 U.S. existing homes during April 2017‒March 2018. Florida was the top destination, accounting for 19 percent of foreign buyer purchases.
The median days on market have been broadly on a downtrend since May 2011 when properties were typically on the market for three months.
Chinese buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate.