Statistics, Facts And Figures
Pending Home Sales Down; Severe Weather Impacting Market
Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December, but remains 12.3 percent higher than January 2009 when it was 80.5.
Miami-Dade Pending Real Estate Sales Spike 9 Percent in One Month
Positive Effects of Tax Credit Evident
Miami Existing Home Sales Increase for 15 Consecutive Months / Local Market Areas Post Price Increases
Rick Burch, CRB, CRS, GRI, ePRO
2009 Chairman of the Board
Realtor® Association of Greater
Miami and the Beaches
Miami Existing Home Sales Increase for 15 Consecutive Months
Local Market Areas Post Price Increases
The Miami real estate market continues to strengthen and improve as number of sales increase and inventory decreases. Prices are also increasing in certain market areas, creating opportunities for local, U.S., second home, and international buyers.
Existing-Home Sales Ease Following Four Monthly Gains
Washington, September 24, 2009 - Existing-home sales in August gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 2.7 percent to a seasonally adjusted annual rate1 of 5.10 million units in August from a pace of 5.24 million in July, but remain 3.4 percent above the 4.93 million-unit level in August 2008. In the previous four months, sales had risen a total of 15.2 percent.
Lawrence Yun, NAR chief economist, said the tax credit is working. “Home sales retrenched from a very strong improvement in July but continue to be much higher than before the stimulus. The first-time buyer tax credit is having the intended impact of bringing buyers into the market, allowing them to take advantage of very favorable affordability conditions,” he said. “Some of the give-back in closed sales appears to result from rising numbers of contracts entering the system, with some fallouts and a backlog contributing to a longer closing process, but the decline demonstrates we can’t take a housing rebound for granted.”
Housing & Economic Indicators
Housing and economic indicators provide real estate professionals with tools to interpret the market and apply that knowledge to their business. In addition to NAR’s own existing-home sales series, NAR Research monitors other indicators such as new-home sales, housing starts, producer prices, mortgage rates and more...
Realtors® Weather the Commercial Real Estate Market
WASHINGTON, September 23, 2009 Realtors® specializing in commercial real estate experienced a slowdown in sales transaction volume in 2008, but also reported an increase in commercial leasing volume, according to the 2009 National Association of Realtors® Commercial Member Profile.
The study’s results represent Realtors® who practice commercial real estate; these Realtors® comprise more than 81,000 of NAR’s 1.2 million members. The survey shows that the median sales volume in 2008 was down nearly 10 percent since 2006, resulting in a 13.6 percent decline in median income. However; the results also showed a 33 percent increase in commercial leasing volume during the same two-year period.
Recent release of 2008 American Community Survey
The U.S. Census Bureau released the initial 2008 American Community Survey (ACS) 1-year data on Tuesday, September 22nd. We have prepared summary tables of selected demographic, social characteristics and housing characteristics with comparisons to 2007 and 2004 data for Miami-Dade County.
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