Jane Draughon

RE/MAX The Woodlands and Spring

6620 Woodlands Parkway
The Woodlands, TX 77382


Cell: 281-381-7919   
Phone: (281)381-7919 
Fax: (281) 465-0884

Housing Trends

March 2013

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National market update

Existing-Home Sales and Prices Continue to Rise in February

WASHINGTON (March 21, 2013) - February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases. More... Read more

National housing indicators

Existing home sales ()

4.98 million units*

Existing home median price ()

$173,600

Housing Starts ()

917,000 units*

New home sales ()

437,000 units (Jan)*

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

National economic indicators

Home ownership

4th Qtr 12

65.4%

4th Qtr 11

66.0%

The homeownership rate in the fourth quarter 2012 (65.4 percent) was lower than the fourth quarter 2011 rate (66.0 percent). The homeownership rate in the South was lower than the corresponding fourth quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

Feb 13

-4.6%

Jan 13

+13.1%

Sales of new single-family houses in February 2013 were at a seasonally adjusted annual rate of 411,000. This is 4.6 percent (+/- 20.4%)* below the revised January 2013 estimate of 431,000.

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.

Jane Draughon

I hope you will gain knowledge and insight into the current real estate market with the help of this newletter report. Please call me if you have any questions or need more information. The interest rates have started to rise slightly so now is the perfect time to sell your home or buy one to take advantage of these historic rates. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

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Existing Home Statistics

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