Homes in Hampton Roads are still selling quickly and often above the listing price with multiple offers, according to the latest monthly statistics from the Real Estate Information Network in Virginia Beach, or REIN.
For the first time in at least six years, the median price for a home sold in Hampton Roads rose by more than 10% compared with a year ago, according to the real estate multiple listing service. For several months, home sales have endured and even excelled during a global health pandemic that has caused other industries to greatly suffer.
REIN’s data indicate the median sales price for homes across the region in September was $275,000 versus $249,900 a year ago.
The number of homes for sale continued to shrink to record lows, dropping 42% to 4,839 houses across the South Hampton Roads and Peninsula regions versus 8,384 a year ago.
Despite the smaller inventory, there
North Texas home sales surged in September – up 27% from a year ago.
It was the largest such annual price gain in more than a decade.
Real estate agents sold 11,408 single-family homes, a record number of purchases for the month of September, when sales typically slow.
But not this year.
Record low mortgage rates have caused a run on home buying even in the face of the COVID-19 pandemic.
Last month’s huge home sales increase is the fourth month in a row of double-digit percentage sales gains from 2019 levels, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
September’s year-over-year gain was the largest yet.
“It’s amazing that sales are up 27% over last years, but not surprising based on what I have been hearing,” said Paige Shipp, a housing analyst with CDCG Asset
TOKYO (Reuters) – Japanese wholesale prices fell 0.8% in September from the same month a year earlier, data showed on Monday, marking the seventh straight month of year-on-year declines and heightening the risk the country will slide back into deflation.
Squeezed mostly by soft global demand for commodities and Japanese machinery goods, the weakness in wholesale prices highlights the challenge Tokyo faces in cushioning the impact of the coronavirus pandemic on the world’s third-largest economy.
The 0.8% fall in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, was bigger than a median market forecast for a 0.5% drop. It followed August’s 0.6% year-on-year decrease.
Wholesale prices also slid 0.1% in September from August, marking the first on-month drop in four months, the data released by the Bank of Japan (BOJ) showed.
“With the global economy still reeling from the
Montreal Area Real Estate Market
Residential Sales – September 2020
L’ÎLE-DES-SŒURS, Quebec, Oct. 07, 2020 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database.
In total, 5,147 residential sales transactions were concluded in September 2020. This represents a 42 per cent increase compared to September of last year and a new sales record for a month of September.
Cumulatively since the start of the year, and compared to the same nine-month period in 2019, the real estate market in the Montreal CMA has finally recovered all the transactions lost in early spring due to the COVID-19 confinement measures.
“With an average selling time of only 46 days in the Montreal area, a new record has
Las Vegas home prices set another all-time high last month, continuing a “remarkable” streak amid an otherwise badly battered economy, a new report says.
The median sales price of previously owned single-family homes – the bulk of the market – was $337,250 in September, up 0.7 percent from the previous record, set in August, and 8.8 percent from a year ago, according to trade association Las Vegas Realtors.
Sales volume accelerated even faster, with buyers grabbing 3,270 houses last month, up 12.4 percent from August and 18.9 percent year-over-year.
Las Vegas’ tight inventory eased a bit, as 4,798 houses were on the market without offers at the end of September, up 3.4 percent from the end of August. But the tally of available listings was down 34.6 percent from September of 2019, LVR reported.
The association pulls data from its resale-heavy listing service.
“Local home prices keep setting records, which
Demand for detached properties helped fuel another month of double-digit sales growth and record-breaking prices in Canada’s largest housing market in September.
The total number of homes sold across the Greater Toronto Area surged 42.3 per cent year-over-year to a new record for September as 11,083 properties traded hands last month, according to data released Tuesday by the Toronto Regional Real Estate Board (TRREB).
Detached homes accounted for more than half of the activity as 5,559 sales were recorded in the month, representing a 55 per cent increase from last year. Meanwhile, condo activity lagged as sales rose 14.6 per cent year-over-year.
The average selling price for all homes rose 14 per cent year-over-year to $960,772 — marking a fourth consecutive month of record average prices in the GTA after the previous all-time high of $951,404 was registered in August.
“Improving economic conditions and extremely low borrowing costs sustained record-level
THE WOODLANDS, Texas, Oct. 05, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced 811 home closings in September 2020, up from 654 home closings in September 2019, representing year-over-year growth of 24.0%. In addition, the Company announced record-breaking quarterly home closings of 2,091 during the third quarter of 2020 compared to 2,003 home closings in the third quarter of 2019, a 4.4% increase year-over-year. The Company finished the first nine months of 2020 with a total of 5,931 home closings, a 14.6% increase over 5,175 home closings during the first nine months of 2019.
As of the end of September 2020, the Company had 110 active selling communities.
The Company expects to release financial results for the third quarter ended September 30, 2020 before the market opens on Tuesday, November 3, 2020. The Company expects to hold a conference call for investors
Toronto home prices and sales continued to hit records in September as pent-up demand and historic low borrowing costs pushed prices up 14 per cent to $960,772 across all housing types, including condos.
The number of transactions also soared 42.3 per cent year over year, said the Toronto Regional Real Estate Board (TRREB) on Tuesday.
It reported the biggest gains in the 905 areas surrounding the city, with single-family homes leading the growth.
Detached houses were the region’s hottest selling properties, going for 12.9 per cent more compared to last September at an average of nearly $1.2 million.
The 905 communities saw a 63.6 per cent increase in the number of detached home sales and a 16.9 per cent gain in the average selling price to over $1.1 million. Detached houses in the city of Toronto sold for about $1.5 million on average — 9.4 per cent more year over
CLEVELAND, Ohio – The cleveland.com database of recent Cuyahoga County home sales and other property transfers has been updated with September 2020 transactions.
Search the database at this link to find home sales in your neighborhood and across the county for last month and for each year going back to 2007. You will be able to search by town, street, seller’s name, buyer’s name and more ways.
Also, see related real estate data and trends:
* Cuyahoga County data by city, village, township: annual median home sales prices, 2007-2019.
* Cleveland neighborhoods: annual median home sales prices, 2007-2019.
* Real estate property tax rates for each place in Cuyahoga, Geauga, Lake, Lorain, Medina, Portage and Summit county.
* Median appraised home values in Cuyahoga County; plus tax bills on the