Columbus home sales dropped sharply in August, offering another sign that the housing market is cooling. But prices continue to climb.
Columbus-area home sales dropped sharply in August, offering another sign that the region's housing market is cooling.Central Ohio home sales dropped 13% in August compared with last August, continuing. For the year, Columbus-area sales are down more than 5%, despite the region's growing population.
“The rising mortgage rate has clearly hampered the housing market,” said Lawrence Yun, chief economist with the National Association of Realtors.Buyers hoping the sales slide will lead to a decline in prices, however, continue to be out of luck. The median price of a Columbus-area home that sold in August was $295,000, more than 7% higher than a year ago. For the first eight months of the year, central Ohio home prices are up more than 11% compared with the same period in 2021.
Nationally, home sales dropped for the seventh month in a row in August, to the slowest annual pace since May 2020, near the start of the pandemic. The national median home price jumped 7.7% in August from a year earlier to $389,500.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Netherlands: Plug-In Car Sales Increased 20% In August 2022Last month 7,979 new plug-ins were registered in the Netherlands, which is roughly 20% more than a year ago. That's enough for a market share of 34%.
Baca lebih lajut »
Existing Home Sales Fall in August, and Prices Soften SignificantlySales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors.
Baca lebih lajut »
U.S. Home Sales and Prices Fell in August as Mortgage Rates RoseExisting-home sales fell in August for the seventh straight month, and prices dropped from the prior month, the National Association of Realtors said Wednesday, as mortgage rates rose.
Baca lebih lajut »
Existing home sales drop in August to lowest level since 2020Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.
Baca lebih lajut »
Home sales dropped 20% in August from a year ago | CNN BusinessHome sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market.
Baca lebih lajut »
U.S. existing-home sales fall for the seventh straight month in AugustExisting-home sales fall 0.4% to 4.8 million in August, the National Association of Realtors said.
Baca lebih lajut »