Valerie Treece

Weichert, Realtors Wayne Murray Properties

301 Commerce Green Blvd.
Sugar Land, TX 77478


Cell: 713-927-5877   
Phone: 281-243-4500 

Housing Trends

December 2017

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National market update

Existing-Home Sales Grow 2.0 Percent in October

WASHINGTON (November 21, 2017) — Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors®.





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America Rediscovers Its Love of the Front Porch

In the 20th century, porches couldn’t compete with TV and air conditioning. Now this classic feature of American homes is staging a comeback as something more stylish and image-conscious than ever before.





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National housing indicators

Existing home sales (Oct)

5.48 millions units*

Existing home median price (Oct)

$247,000

Housing Starts (Oct)

1.290 millions units*

New home sales (Sep)

0.667 millions units*

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

National economic indicators

Home ownership

3rd Quarter 2017

63.9%

2nd Quarter 2017

63.7%

The homeownership rate of 63.9 percent was not statistically different from the rates in the third quarter 2016 (63.5 percent) or the second quarter 2017 (63.7 percent).

New home sales

September 2017

+18.9%

October 2017

+6.2%

Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2 percent (±18.0 percent)* above the revised September rate of 645,000 and is 18.7 percent (±23.5 percent)* above the October 2016 estimate of 577,000.

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.

If you want an agent that makes you #1, then Valerie Treece is the agent you need! Read more

When you choose to work with Valerie Treece, you will be her #1 priority. She has your best interests at heart and will work hard to ensure that your real estate transaction is as seamless as possible and you get the deal that you seek when you are searching for your dream home or choosing to sell your current home. . .OR BOTH!

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Existing Home Statistics

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