Pilar Tobias

Tobias Realty

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


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

Housing Trends

February 2016

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National market update

Existing-Home Sales Inch Forward in January, Price Growth Accelerates

WASHINGTON (February 23, 2016) — Existing-home sales crept forward in January to the highest annual rate in six months, and subpar supply levels propelled price growth to the fastest increase since last April, according to the National Association of Realtors®. The West was the only region to see a decline in sales in January.


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The Numbers Are In: Yup, 2016 Is Off to a Good Start in Home Sales

We may be on the verge of spring, but housing and economic reports work on a bit of a lag time. We’ve only just gotten the major data reports for January, and it’s giving us a clear-eyed view of how the real estate market is measuring up this year. And yeah, things are looking good.


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National housing indicators

Existing home sales (January)

5.47 millions units*

Existing home median price (January)

$213,800

Housing Starts (January)

1.099 millions units*

New home sales (December)

0.544 millions units*

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

National economic indicators

Home ownership

4th Qtr 2015

+63.8%

4th Qtr 2014

+64.0%

The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.

New home sales

January 2016

-9.2%

December 2015

+8.2%

Sales of new single-family houses in January 2016 were at a seasonally adjusted annual rate of 494,000. This is 9.2 percent (+/- 13.5%)* below the revised December 2015 estimate of 544,000.

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

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