According to a report by the National Association of realtors USA (NAR), sales of existing homes in the U.S. real estate market in September rose 0.7% compared with the previous month, with the seasonally adjusted annual rate of 5.39 million homes annually.
Analysts had expected the number of homes sold will reach 5.30 million units per year vs 5.35 million the previous month.
Compared to September 2016 housing sales in the secondary market decreased by 1.5%.
The median price of a house, calculated from the prices of all types of houses in the secondary market amounted to 245.1 thousand dollars, up by 4.2% in annual terms.
Inventories held for sale in the secondary market of homes by the end of September rose by 1.6% compared with the previous month, amounting to 1.9 million available to home buyers, but declined by 6.4% compared to the same period in 2016. This means that at the moment, will take 4.2 months for sales on the market of the homes current rates compared to 4.5 a year earlier.
In most cases the period of stay in the status “sold” for all types of homes in September was 34 days in comparison to 30 in August and 39 in the previous year. With 48% of homes sold were sold in less than a month after the release to the market.