Weekly Home Sales Volume Continues to Tumble, At May Levels
Weekly Home Sales Volume Continues to Tumble, At May Levels
Weekly Home Sales Volume Continues to Tumble, At May Levels
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November 29, 2011 (Chris Moore)

Weekly existing home sales volume continued downward last week falling to levels last seen in the middle of May according to the National Home Sales Snapshot released by DataQuick.

There were 165,729 properties sold over the previous thirty day rolling period ending November 24, down 1.7 percent from the previous week’s total of 168,511 properties sold. Sales are down 4.2 percent in the last month.

Last week’s home sales volume was still 2.0 percent higher than the 162,468 homes sold during same period a year ago but was down 9.9 percent from the same period three years ago when 183,837 homes were sold.

The median price of a home sold over the previous thirty day rolling period ending November 24 decreased 1.3 percent to $175,250 from $177,500 the previous week. Home prices have fallen 2.6 percent in the last month and are only $5,250 away from reaching the five year low.

Home prices were 7.8 percent lower than the same period a year ago when the median price of a home was $190,000 and were down 18.5 percent from the same period three years ago when the median price was $215,000.

Over the last five years, median home prices nationwide have ranged from a high of $275,000 to a low of $170,000.

Sales volume for a thirty day period within the last five years has ranged from a high of 339,669 properties sold to a low of 119,636.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

DataQuick weekly volume snapshot 11-29-11

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

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November 29, 2011 (Chris Moore)

Weekly existing home sales volume continued downward last week falling to levels last seen in the middle of May according to the National Home Sales Snapshot released by DataQuick.

There were 165,729 properties sold over the previous thirty day rolling period ending November 24, down 1.7 percent from the previous week’s total of 168,511 properties sold. Sales are down 4.2 percent in the last month.

Last week’s home sales volume was still 2.0 percent higher than the 162,468 homes sold during same period a year ago but was down 9.9 percent from the same period three years ago when 183,837 homes were sold.

The median price of a home sold over the previous thirty day rolling period ending November 24 decreased 1.3 percent to $175,250 from $177,500 the previous week. Home prices have fallen 2.6 percent in the last month and are only $5,250 away from reaching the five year low.

Home prices were 7.8 percent lower than the same period a year ago when the median price of a home was $190,000 and were down 18.5 percent from the same period three years ago when the median price was $215,000.

Over the last five years, median home prices nationwide have ranged from a high of $275,000 to a low of $170,000.

Sales volume for a thirty day period within the last five years has ranged from a high of 339,669 properties sold to a low of 119,636.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

DataQuick weekly volume snapshot 11-29-11

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
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FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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November 29, 2011 (Chris Moore)

Weekly existing home sales volume continued downward last week falling to levels last seen in the middle of May according to the National Home Sales Snapshot released by DataQuick.

There were 165,729 properties sold over the previous thirty day rolling period ending November 24, down 1.7 percent from the previous week’s total of 168,511 properties sold. Sales are down 4.2 percent in the last month.

Last week’s home sales volume was still 2.0 percent higher than the 162,468 homes sold during same period a year ago but was down 9.9 percent from the same period three years ago when 183,837 homes were sold.

The median price of a home sold over the previous thirty day rolling period ending November 24 decreased 1.3 percent to $175,250 from $177,500 the previous week. Home prices have fallen 2.6 percent in the last month and are only $5,250 away from reaching the five year low.

Home prices were 7.8 percent lower than the same period a year ago when the median price of a home was $190,000 and were down 18.5 percent from the same period three years ago when the median price was $215,000.

Over the last five years, median home prices nationwide have ranged from a high of $275,000 to a low of $170,000.

Sales volume for a thirty day period within the last five years has ranged from a high of 339,669 properties sold to a low of 119,636.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

DataQuick weekly volume snapshot 11-29-11

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.