IreneLockel

Netter Real Estate

404 Montauk Highway
West Islip, NY 11795


Cell: 516-410-5944   
Phone: 631-661-5100 (116)
Fax: 631-587-HOME

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.

Irene D Lockel

Netter Real Estate just visited BESITO for a "soft opening". for dinner, and the cuisine was wonderful. It’s great to have this new Mexican restaurant in West Islip. You will not be disappointed. Read more

BABYLON-Waterfront Colonial. Seeing is Believing in this state of the art home designed for those who appreciate detail and quality. 135'bulkhead with cut in slip& boat lift, salt water inground pool. One of a kind uniqueness in this divine masterpiece. Bay view from almost every window, dock and decks. Complimentary sun views. Call for details.

WEST ISLIP-South of Montauk New Construction. Colonial To Be Built By July 2017- Top Quality Throughout, New York Energy Star Home, Heavily Landscaped on Over-Sized Property to Provide Privacy. Oak Floors, Granite Counters, Hudronic Heat, Vaulted Ceilings in Master Suite & Convenient Laundry on 2nd Story. Contact Irene Lockel for more details.

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Existing Home Statistics

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