Total Existing Home Sales (NAR)
by Osman Parvez
A few days ago I posted our local real estate market updates (see sidebar). Today the National Association of Realtors (NAR) published their report on existing home sales.
Total existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 1.3 percent to a seasonally adjusted annual rate of 6.62 million units in June from an upwardly revised level of 6.71 million May. Last month’s sales were 8.9 percent below the 7.27 million-unit pace in June 2005.
As expected, sales are cooling across the country and many markets are seeing a return to a more normal state. Some areas, including the Boulder market, are fairing better than others. The latest Boulder Market update shows sales in June up 16% from a year ago. However, we’ve also had some slow months this year (March and April) and Sales volume is running about 2% lower than this time last year while median prices are up about 3%.
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Ready to buy or sell? Schedule an appointment or call 303.746.6896.
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As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Total Existing Home Sales (NAR)
by Osman Parvez
A few days ago I posted our local real estate market updates (see sidebar). Today the National Association of Realtors (NAR) published their report on existing home sales.
Total existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 1.3 percent to a seasonally adjusted annual rate of 6.62 million units in June from an upwardly revised level of 6.71 million May. Last month’s sales were 8.9 percent below the 7.27 million-unit pace in June 2005.
As expected, sales are cooling across the country and many markets are seeing a return to a more normal state. Some areas, including the Boulder market, are fairing better than others. The latest Boulder Market update shows sales in June up 16% from a year ago. However, we’ve also had some slow months this year (March and April) and Sales volume is running about 2% lower than this time last year while median prices are up about 3%.
—-
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
