Home Sales Increasing


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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.

Pending Home Sales Rise Nationwide


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Contracts to purchase previously owned U.S. homes climbed in March by the largest percentage in almost three years, according to a report released today from the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.4 percent, the most since May 2011.

 

Three of four U.S. regions showed an increase from February, with contract signings up 5.7 percent in the West, 5.6 percent in the South and 1.4 percent in the Northeast. Pending sales dropped 0.8 percent in the Midwest.

 

“Sales activity is expected to steadily pick up as more inventory reaches the market, and from ongoing job creation in the economy,” according to Lawrence Yun, NAR chief economist.

 

During the first quarter, sales at the Ebby Halliday Companies continued to outperform the market with a 9.6 percent increase over the same period in 2013.