Industry Trends Issue 2, 2017 - 7

REPORT 5

existing home sales
Existing home sales remain strong

S

ales of existing single-family homes are up almost
1 percent in June compared to the same time
last year. We see no decline in sales totals across
the regions of the United States. The Midwest
and South remain unchanged year-over-year. The West is
showing the biggest increase, up 2.5 percent. Comparing the
projected June totals with May 2017, we see a decline in all
categories, with the exception of the Midwest, which is up
3.1 percent.

The median sales price for existing homes in the U.S. is
up 6.5 percent through June 2017, with the largest increase
coming in the Midwest, up 7.7 percent this year. While the
percentage increases are not as large as 2016 vs. 2015, they
continue to grow, which is a good sign for the market.
This data includes only single-family homes, which make up
the vast majority of existing home sales. The previous issue of
Industry Trends looked at all home sales, including condo and
co-op sales.

Number of Existing Single Family Home Sales
(2014 - June 2017)
Year

U.S.

Northeast

Midwest

South

West

2014

4,940,000

640,000

1,140,000

2,050,000

1,100,000

2015

5,250,000

700,000

1,240,000

2,160,000

1,170,000

2016

5,450,000

740,000

1,300,000

2,220,000

1,190,000

2017 Q2 vs. 2016 Q2

-1.8%

-2.6%

3.1%

-4.7%

-0.8%

2017 Q2 vs. 2016 Q2

0.7%

1.3%

0%

0%

2.5%

Projected

5,520,000

760,000

1,320,000

2,230,000

1,210,000

Median Sales Price
(dollars)

U.S.

Northeast

Midwest

South

West

2014

$208,300

$252,700

$163,200

$179,300

$291,800

2015

$222,400

$260,200

$174,400

$192,100

$316,000

2016

$233,800

$263,900

$183,300

$204,800

$340,200

2017 Q2

$263,800

$296,300

$213,000

$231,300

$378,100

2017 Q2 vs. 2016 Q2

6.5%

4.1%

7.7%

6.2%

7.4%

Source: National Association of REALTORS®

2017, Vol. 2 ┬╗ INDUSTRY TRENDS

7



Table of Contents for the Digital Edition of Industry Trends Issue 2, 2017

shipment volume
congestion and highways
best cities for job growth 2017
people on the move
existing home sales
new home sales
regional report
Industry Trends Issue 2, 2017 - Cover1
Industry Trends Issue 2, 2017 - Cover2
Industry Trends Issue 2, 2017 - 1
Industry Trends Issue 2, 2017 - shipment volume
Industry Trends Issue 2, 2017 - congestion and highways
Industry Trends Issue 2, 2017 - best cities for job growth 2017
Industry Trends Issue 2, 2017 - people on the move
Industry Trends Issue 2, 2017 - 6
Industry Trends Issue 2, 2017 - existing home sales
Industry Trends Issue 2, 2017 - new home sales
Industry Trends Issue 2, 2017 - regional report
Industry Trends Issue 2, 2017 - Cover4
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