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Home Sales Rebound

The John McClintock Team, Keller Williams

 

Existing-home sales surged last month, posting their largest month-over-month gain since December 2015, the National Association of REALTORS® reported Friday. Sales jumped 11.8 percent in February compared with the previous month, reaching a seasonally adjusted annual rate of 5.51 million.

“A powerful combination of lower mortgage rates, more inventory, rising income, and higher consumer confidence is driving the sales rebound,” says Lawrence Yun, NAR’s chief economist.

Home prices: The median existing‑home price for all housing types in February was $249,500, up 3.6 percent from a year ago. The typical homeowner accumulated an estimated $8,700 in housing equity over the past 12 months and $21,300 over the past 24 months, according to NAR.

Are you considering selling your home?
Before you list your home for sale, call the John McClintock Team at 267‑759‑9518 for no obligation recommendations on pricing and an overview of our comprehensive marketing package that includes: Home Staging, Brokers Open House, Virtual Tour, Video Tour, Social Media Campaign.

 

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† Information is deemed reliable though not guaranteed.
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Newtown (Bucks County) PA 18940
Direct: 267‑759‑9518
Broker: 215-860-4200 x518

john mcclintock

John McClintock
Realtor®
CNE

kerry mcclintock

Kerry McClintock
Realtor®
Home Stager

david fleig

David Fleig
Realtor®
SRS, ABR, CNE

grace cass

Grace Cass
Realtor®