Jason Gorman

The Jason Gorman Real Estate Team

659 Bielenberg Drive
Woodbury, MN 55125


Cell: 651-735-7653   
Phone: 651-735-7653 
Fax: 651-379-5264

Housing Trends

August 2014

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National market update

Existing-Home Sales Continue to Climb in July

WASHINGTON (August 21, 2014) – Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, according to the National Association of Realtors®.

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Home-Price Gains Decelerate in Many Metro Areas during Second Quarter

WASHINGTON (August 12, 2014) – Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of Realtors®.

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National housing indicators

Existing home sales (July)

5.15 million units*

Existing home median price (July)

$222,900

Housing Starts (July)

1.093 million units*

New home sales (July)

406K million units*

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

National economic indicators

Home ownership

2nd Qtr 2014

64.7%

2nd Qtr 2013

65.0%

The homeownership rate in the second quarter 2014 was 64.7 percent, down 0.3 (+/- 0.4)* percentage points from the second quarter 2013 rate of 65.0 percent. The homeownership rates in the Northeast and South were lower than the rates in the second quarter 2013, while the rates in the Midwest and West were not statistically different from the rates a year ago.

New home sales

July 2014

-2.4%

June 2014

-7.0%

Sales of new single-family houses in July 2014 were at a seasonally adjusted annual rate of 412,000. This is 2.4 percent (+/- 11.9%)* below the revised June 2014 estimate of 422,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 150 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.

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Existing Home Statistics

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