Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

Existing-Home Sales Decrease 2.2% in September

Michael Mahoney Boston Realtor 617-615-9435

Existing-Home Sales Decrease 2.2% in September

WASHINGTON (October 22, 2019) – Existing-home sales receded in September following two consecutive months of increases, according to the National Association of Realtors®. Each of the four major regions witnessed sales drop off last month, with the Midwest absorbing the brunt of those declines.

Total existing-home sales which is completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 2.2% from August to a seasonally adjusted annual rate of 5.38 million in September. Despite the decline, overall sales are up 3.9% from a year ago (5.18 million in September 2018).

The image below is a depiction of the national real estate market. Real estate is a local business and can vary from town to town and neigborhood. If you are planning to buy, sell, rent or invest make sure you conduct your analysis with a local brokerage. If you would like the value of your home, click here

Next week’s newsletter will focus specifically on Greater Boston. If you would like to see the report on real estate inside the 495 Belt from last month check it out here

National Association of Realtors Existing Home Sales September 2019

 

First-time buyers were responsible for 33% of sales in September, up from 31% in August and 32% recorded in September 2018. NAR’s 2018 Profile of Home Buyers and Sellers – released in late 20184 – revealed that the annual share of first-time buyers was 33%.

Current Mortgage Rates

According to Freddie Mac, the average commitment rate(link is external) for a 30-year, conventional, fixed-rate mortgage decreased to 3.61% in September, down from 3.62% in August. The average commitment rate across all of 2018 was 4.54%.

Considering a move and need an honest opinion, please feel free to give me a call at (617) 980-9025. Review market conditions and inventory at RealtorMikeMahoney.com

 

If you have any questions or would like to discuss what we’re seeing in our local market, reply to this email or give us a call. We’d love to hear from you! You can schedule with me now online

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Michael Mahoney is a Realtor® with Century 21 American Properties. Michael Covers all of Greater Boston.
Michael has been in business for 17 years. Michael has sold everything from studio apartments to great estates.

Some of the area Michael Mahoney includes:
Ashland, Attleboro Bellingham Boston Canton Dedham Dorchester Dover Foxboro Framingham
Franklin Holliston Hopedale Hyde Park Mattapan Medfield Medway Milford Millis Milton Natick
Norfolk North Attleboro Norwood Plainville
Quincy Randolph Roslindale Sharon Sherborn Stoughton Walpole Wellesley
West Roxbury Westwood Wrentham

Get the value of Any Boston Area Property Now @ www.HomeValueBoston.com

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Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

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