Tomorrow’s release of January existing-home sales will reveal the first clues to how the housing market is holding up in 2016 amidst the global uncertainty and stock market volatility that has reared its ugly head in recent months.

In addition to the headline figures of existing sales and prices, additional data on first-time buyers, sales to investors and more will also be reported (like every month). This data comes directly from the Realtors® Confidence Index (RCI), NAR’s monthly survey of over 3,000 responses from its members on local market conditions.

Before getting our first read of the market tomorrow, here’s a look back at the annual averages of the reported RCI figures in 2015:

First-time buyers
2015: 30 percent (29 percent in 2014)

Sales to investors
2015: 14 percent (16 percent in 2014)

All-cash sales
2015: 24 percent (29 percent in 2014)

Distressed sales
2015: 9 percent (12 percent in 2014)

Median days on market
2015: 50 days (56 days in 2014)

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Source: Newsline

Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.


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This Article Appears Courtesy of Steven Diadoo

Steven Diadoo, Licensed Realtor in MN with BRIDGE REALTY and best-selling author of 'Road to Success' with Jack Canfield (Chicken Soup for the Soul), Board Member at Bowling for Brains Non-Profit 501(c)3 (Event to benefit the American Brain Tumor Association), licensed Realtor with Bridge Realty, Seen on DIY TV, Create Channel and PBS. For help buying and/or selling a house, please call (952) 270-6141 or Click here.

Homespotter
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