Pilar Tobias

Tobias Realty

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


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

Housing Trends

September 2016

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National market update

Existing-Home Sales Soften Further in August

WASHINGTON (September 22, 2016) — Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors®. Only the Northeast region saw a monthly increase in closings in August, where inventory is currently more adequate.



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Preparing Your Home for Autumn

It’s almost time. Sigh. Summer is drawing to a close, like it or not.
Before the leaves fall and the wind turns chilly, it’s a good idea to do some seasonal maintenance on your home. Here are some things to add to your fall "honey-do”.




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National housing indicators

Existing home sales (August)

5.33 millions units*

Existing home median price (August)

$240,200

Housing Starts (August)

1.142 millions units*

New home sales (July)

0.654 millions units*

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

National economic indicators

Home ownership

2nd Quarter 2016

+62.9%

2nd Quarter 2015

+63.4%

The homeownership rate of 62.9 percent was 0.5 percentage points (+/-0.5)* lower than the second quarter 2015 rate (63.4 percent) and 0.6 percentage points (+/-0.5)* lower than the first quarter 2016 rate(63.5 percent).

New home sales

Aug 2016

-7.6%

July 2016

+12.4%

Sales of new single-family houses in August 2016 were at a seasonally adjusted annual rate of 609,000. This is 7.6 percent (±10.7%)* below the revised July rate of 659,000, but is 20.6 percent (±14.8%) above the August 2015 estimate of 505,000

Source: U.S. CENSUS BUREAU

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Regional market updates

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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.

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.