After a modest decline nationwide in August, existing-home sales bounced back in September to their highest annual pace of the year, according to a just-released report from the National Association of Realtors. All major regions of the country except the Midwest experienced gains.
Single-family home sales rose 2 percent in September over August, but are 1.9 percent below the pace a year ago. Nationwide, the median single-family home price was $210,300, up 5.9 percent from September 2013. In Dallas-Fort Worth, that number was $185,000, up 9.3 percent.
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Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that the U.S. housing market is once again gaining momentum.
The National Association of Realtors said today that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes. It marked the first time that sales have been above the 5 million-mark since October.
Nationwide, the median price of a home sold in June was $223,300, up 4.3 percent from a year ago.
Closer to Home in North Texas
According to data from the Real Estate Center at Texas A&M and North Texas Real Estate Information Systems, pre-owned home sales in June set an all-time record of 9,481 homes sold in a single month, and median sales prices were 10 percent higher than a year ago at a record $199,900.
The Ebby Halliday Companies are setting records as well. Sales volume through June 30 is well ahead of the firm’s all-time record-setting pace of 2013 and sales continue to increase.