Existing Home Sales remained strong in October, but were down from September’s brisk pace. The seasonally adjusted annual rate (SAAR) fell 3.4% month-over-month from 5.55M to 5.36M. This 5.36M pace still is almost 4% higher than October 2014, marking the 13th consecutive month of year-over-year gains for EHS.
An excerpt from Realtor.org:
Median prices for existing homes were up 5.8% year-over-year, marking the 44th straight month of YOY increases in existing home prices.
October also saw an increase in first-time home buyers, who represented 31% of transactions in October (vs 29%).
For more information on Existing Home Sales, visit Realtor.org using the links below:
1. Full News Release: October 2015 Existing-Home Sales | realtor.org.
2. Infographic: October 2015 Existing-Home Sales | realtor.org.
Dave Eckstein is a Partner in the firm ESA & Company. He specializes in highly profitable market share growth for local businesses and gets a kick out of demonstrating a declining cost of customer acquisition. He plays baseball, but isn't that Dave Eckstein.