The year-to-date (Jan. 1 - Nov. 30) statewide median sales price was $250,000, an increase of 5.9 percent from the same period in 2016.November 2017 pending sales increased by 5.6 percent from a year ago to reach 9,945.The months supply of homes for sale dropped 11.1 percent at the end of November to 5.6 months supply.
At November's sales pace, it would take a record low 3.4 months to exhaust the current inventory, down from 3.9 months in October.
Lawrence Yun, NAR's chief economist, said market conditions were holding back first-time homebuyers, and the bulk of sales activity came from buyers moving into larger houses who are able to make sizable cash down payments.
November marked the third month in a row in which sales strongly beat expectations, showing strength despite an early Thanksgiving that might have otherwise delayed some closings and ushered in the start of the typically slower holiday season. The median existing home price was $248,000, up 5.8% from November 2016 ($234,400). That was the 69th consecutive month of year-on-year price gains.
"The fundamentals remain favorable, with mortgage rates still low and the labor market very strong". Three percent of sales were foreclosures, and 1% were short sales.
"We expect further increases in sales in 2018, although tax reform is likely to modestly reduce demand at the high end (as well as to lower prices for high-priced homes)", he said. These REALTORS are also members of the New York State Association of REALTORS as well as their local board or association of REALTORS.Salvatore I. Prividera Jr.
Within in ME, home prices jumped more than 24 percent in Piscataquis County in a comparison of quarterly sales.
"The elevated presence of investors paying in cash continues to add a layer of frustration to the supply and affordability headwinds aspiring first-time buyers are experiencing", Yun said in a statement.
November's pending sales was 9,945, up by 5.6 percent from a year ago when the figure was 9,417.
In other words, this investment team needs a legitimate billionaire to be involved before it can be taken seriously. In May, his estranged wife arranged for the Sterling Family Trust to sell the team for $2 billion .
Penn State is looking to replace highly-productive middle linebacker Jason Cabinda, so there is an opening at the position. He'll play defense for the Lions, either at defensive end or linebacker, a spot where the Lions are looking thin for 2018.
She tends to veer towards the sexy, with plunging necklines, sheer accents, and romantic, glittering embellishments. Here are three more things to know about the Israeli designer. "She's an incredible woman".
The national average has gone up 18.4 cents since past year and is also down 11.9 cents since last month. In Massacusetts, the price of gas is up 11 percent from previous year at this time, when it cost $2.20.
Fifth Third Bancorp also said it will pay a one-time bonus of $1,000 to more than 13,500 of its 18,000 employees. US President Donald Trump referred to AT&T's move in a speech celebrating the cuts, which were a key priority.
He announced last month he would be released from his record $1.2 million contract to return to Parramatta for the 2018 season. The District Attorney's office reviewed the case and later rejected it based on insufficient evidence, the documents reveal.
TyLon Pittman likes Christmas a lot, but the 5-year-old boy was scared there was a Grinch out there who truly did not. In another post, the boy shows the video evidence of the Grinch stealing the presents to the officer.
The footage shows one of the terrorist jumping the outer wall of the church to enter and then opening the gate for the other. Hospital officials said two women were among the dead while another five women and two children were among the wounded.
A statement from his office late Sunday said he would undergo physical therapy and rehabilitation at the Mayo Clinic in Arizona. No Democrats or independents support the legislation, although it is expected to comfortably pass the House of Representatives.
Kaspersky Labs has filed a lawsuit against the U.S. government for banning use of thier software without due process. DHS officials said they anxious it could allow Russian intelligence to access sensitive information on computers.
Virginia governor cites power of a single vote
Under state law, the State Board of Elections now has to break the tie in House District 94 through "determination by lot ". In the initial count, Simonds had been behind by 10 votes, and the recount found her ahead instead by one vote.
Sterling hits two-week low as traders focus on Brexit talks
Brussels has signalled a detailed trade deal is likely to take much longer, and that Britain's transition period must end by 2020. But they are still unclear on what Britain wants from the future relationship, including the shape of any trade deal.
Combat Jack Dead At 48-Years-Old
He later revealed that he was rushed to the hospital for "pretty severe surgery" and that he was going to take on chemotherapy. Ossé's " Combat Jack Show" podcast has been running for over seven years. "Internets, what's up? It's your man Combat Jack ".
Govt requests for Facebook user data up a third in H1
Figures provided by Facebook suggest it handed over data in 85% of requests from U.S. law enforcement and 90% in the UK. U.S. government requests for Facebook user data were more than double the 16,823 Google received in the period.
NBC set to revive The Office in 2018
Well, if you long for the days when that crew ran the fictional Scranton paper company Dunder Mifflin, you just might be in luck. It starred Carell, Rainn Wilson , John Krasinski , Jenna Fischer , Craig Robinson , Mindy Kaling , and B.J.