Nick TABICK

Re/Max Suburban

1310 N. Roselle Rd.
Schaumburg, IL 60195



Phone: 847-230-7022 
Fax: 847637-8285

Housing Trends

December 2016

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National market update

Existing-Home Sales Forge Ahead in November

WASHINGTON (December 21, 2016) — A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors®.



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America's Hottest Markets for Real Estate in December 2016

"On Dasher, on Dancer … on U.S. home buyers!” At least, that’s what Santa might say if he were checking out realtor.com® data while making his express prime deliveries (guaranteed delivery by Christmas morning) later this month. We took an early peek at the stats for December 2016 and found that, much like demand for toys and candy canes, demand for real estate showed no signs of slowing down for the holidays.



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National housing indicators

Existing home sales (Nov)

5.61 millions units*

Existing home median price (Nov)

$234,900

Housing Starts (Nov)

1.090 millions units*

New home sales (Oct)

0.563 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

3rd Quarter 2016

+63.5%

3rd Quarter 2015

+63.7%

The homeownership rate of 63.5 percent was not statistically different from the third quarter 2015 rate (63.7 percent) and 0.6 percentage points (+/-0.4)* high than the second quarter 2016 rate(62.9 percent).

New home sales

Nov 2016

+5.2%

Oct 2016

-1.9%

Sales of new single-family houses in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.2 percent (±14.1%)* above the revised October rate of 563,000 and is 16.5 percent (±19.3%)* above the November 2015 estimate of 508,000.

Source: U.S. CENSUS BUREAU

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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.

Nick TABICK

Text NICK to 847-553-4000 To Download Our Home Search App

I love referrals ~ please feel free to pass my name along to anyone you know that might be buying or selling in the near future as I promise to take good care of them. Thank you

Buyers want to see a pristine, beautiful, functional home. Repairs and renovations should look professional and be completed before you show your home.

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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.