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National market update
Existing-Home Sales Slip 2.3 Percent in April; Days on Market Falls to Under a Month
WASHINGTON (May 24, 2017) — Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtors®.
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Housing Gets Off to a Good Start
Despite weak economic growth, housing got off to a good start in 2017. This is in part because interest rates have been a bit of a surprise, drifting down since March. Lower interest rates and strong job growth have bolstered housing demand. The U.S. housing market is now on track to eclipse last year as the best in over a decade.
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National housing indicators
Existing home sales (April)
5.57 millions units*
Existing home median price (April)
$244,800
Housing Starts (April)
1.172 millions units*
New home sales (March)
0.621 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
1st Quarter 2017
63.5%
1st Quarter 2016
63.6%
The homeownership rate of 63.6 percent was not statistically different from the rate in the first quarter 2016 (63.5 percent) or the rate in the fourth quarter 2016 (63.7 percent).
New home sales
March 2017
+5.8%
April 2017
-11.4%
Sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.4 percent (±10.5 percent) below the revised March rate of 642,000, but is 0.5 percent (±11.3 percent)* above the April 2016 estimate of 566,000.
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.
Local Prices & State Sales
Local Sales & Price Activity
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Consumer tips & hot properties
Home Sales Expected to Soar Through 2018: What Buyers Need to Know
Even though there still aren’t enough homes on the market, existing-home sales are expected to rise 3.5% in 2017—and keep up the momentum in 2018.
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In It to Win It: Land Your Dream Home by Avoiding These 7 Mistakes on Your Offer
Making an offer that wins the house can be easier said than done—especially in a competitive market. Don’t blow your chances with any of these common home offer mistakes.
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These 4 New Rules of Selling a Home Can Make or Break a Deal
It might be a seller’s market, but getting top dollar for your home these days involves a bit more than sticking a "For Sale” sign on your lawn.
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8 Signs It’s Time to Walk (and Maybe Run) Away From a Hom
Sometimes, when you look more closely at a house, things emerge that should probably be deal breakers.
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10 Sneaky Tricks to Make Your Living Room Look Expensive
When it comes to designing your living room, you don't have to spend a lot of money to make it look like you spent a lot of money.
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Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
National Statistics
Statistics by City or Metropolitan Area
Regional Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.