Pilar Tobias

Tobias Realty

110 N San Joaquin St. 2nd Floor
Stockton, CA 95202


Cell: 209-874-6762   
Phone: 209-565-0597 

Housing Trends

August 2015

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National market update

Existing-Home Sales Maintain Solid Growth in July

WASHINGTON (August 20, 2015) — Existing-home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, according to the National Association of Realtors®.

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Home Prices Rise in Nearly All Metro Areas in Second Quarter

WASHINGTON (August 11, 2015) — A promising climb in home sales throughout the country amidst insufficient supply caused home prices to steadily rise in most metro areas during the second quarter, according to the latest quarterly report by the National Association of Realtors®.

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National housing indicators

Existing home sales ()

5.59 million units*

Existing home median price ()

$234,000

Housing Starts ()

1.206 millions units*

New home sales ()

0.482 millions units*

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

National economic indicators

Home ownership

2nd Qtr 2015

+63.4%

2nd Qtr 2014

+64.7%

The homeownership rate in the second quarter 2015 was 63.4 percent, down 1.3 (+/- 0.4) percentage points from the second quarter 2014 rate of 64.7 percent. The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.

New home sales

July 2015

+5.4%

June 2015

-7.7%

Sales of new single-family houses in July 2015 were at a seasonally adjusted annual rate of 507,000. This is 5.4 percent (+/- 14.8%)* above the revised June 2015 estimate of 481,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

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.

Pilar Tobias

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Existing Home Statistics

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