Carol Gilles

The RealEstate Group

23805 Hawthorne Bl
Torrance, CA 90505


Cell: 310-864-9738   
Phone: 310-864-9738 
Fax: 310-534-4436

Housing Trends

October 2017

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National market update

Existing-Home Sales Subside 1.7 Percent in August

WASHINGTON (September 20, 2017) — Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were outpaced by declines in the South and West.





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America's 20 Hottest Markets for Real Estate in September 2017

We've officially closed the books on summer, and the flurry of back-to-school sales and the Facebook posts featuring freshly scrubbed kids awkwardly posing for their big return to classes have finally subsided. So as September draws to a close, we're taking a look back at this transitional month through the lens of our own realtor.com® data—all the better to take a snapshot of what the housing market across the country is like today.




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National housing indicators

Existing home sales (Aug)

5.35 millions units*

Existing home median price (Aug)

$253,500

Housing Starts (Aug)

1.300 millions units*

New home sales (July)

0.571 millions units*

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

National economic indicators

Home ownership

2nd Quarter 2017

63.7%

1st Quarter 2017

63.6%

The homeownership rate of 63.7 percent was 0.8 percentage points higher than the rate in the second quarter 2016 (62.9 percent) and not statistically different from the rate in the first quarter 2017 (63.6 percent).

New home sales

July 2017

-9.4%

August 2017

-3.4%

Sales of new single-family houses in August 2017 were at a seasonally adjusted annual rate of 560,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.4 percent (±13.0 percent)* below the revised July rate of 580,000 and is 1.2 percent (±18.5 percent)* below the August 2016 estimate of 567,000.

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.

It's HOT, HOT, HOT! Not just the heat in Southern California, but the Real Estate Market! Well priced listings come on the market, and buyers are flocking to it with multiple offers at asking price or well over-asking. Homesellers? On the fence? Let's check out your equity and buying power today! Read more

April Showers...Brings May Flowers?? Actually we are seeing new listings blossoming on the Southern California market with plush lawns and flowers! Home buyers need to keep their eyes open for the new listings and then JUMP on it! This month I focus on North Redondo Beach. Check out the newest listings and events in North Redondo Beach! Read more

April is here...the beginning of the Spring homebuying season. Homesellers - are your prepared? Get your spring cleaning on, now! Wash the windows, clean out the gutters and paint the front door! Click here for 5 tips to sell your home this spring! Read more

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Existing Home Statistics

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