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Homes for Sale in Rio Grande, NJ – Browse Rio Grande

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<p class="p__0">After four months of decreases, existing house sales supported in June as housing stock decently improved, according to the National Association of Realtors (NAR). Nevertheless, the average existing home rate in June remained elevated and was the second-highest on record. Total existing house sales, consisting of single-family homes, townhouses, condominiums and co-ops, increased 1.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://rismedia.com/wp-content/uploads/2020/03/home_for_sale_1156911861-1080x627.jpg" alt="Report: Dayton home sales sizzle though inventory shrinks - Dayton Business Journal"><span style="display:none" itemprop="caption">Subdivisions push back against home sales to rental firms - Indianapolis Business Journal</span>
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<p class="p__1">86 million in June. On a year-over-year basis, sales were 22. 9% higher than a year ago. The first-time buyer share stayed at 31% in June, level with May but down 35% from a year ago. The June inventory level increased from 1. 21 to 1. 25 million units but is still down from 1.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://s.yimg.com/uu/api/res/1.2/jBOW9iotb_dDeHzM.pJV6g--~B/aD0zNDcwO3c9NTIwNTthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-images/2019-10/fe94c640-fb4c-11e9-b6b4-01616162ceae" alt="Subdivisions push back against home sales to rental firms - Indianapolis Business Journal"><span style="display:none" itemprop="caption">Covid economy falters, but Bay Area luxury home sales boom</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://wp-tid.zillowstatic.com/3/shutterstock_50097079-2ec9cc.jpg" alt="Existing home sales bounce back in June, as home prices continue to rise"><span style="display:none" itemprop="caption">Bay Area home prices hit another record and sales surged in October, defying seasonal slowdown</span>
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<p class="p__2">At the current sales rate, the June unsold inventory sit at a 2. 6-month supply, a little up from May's 2. 5-month but still below 3. 9-month a year back. This low level supply of resale houses is good news for home construction. Residences remained on the market for approximately simply 17 days in June, an all-time low, unchanged from May and down from 24 days a year back.</p>
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<p class="p__3">The June all-cash sales share was 23% of transactions, even with last month and up from 16% a year back. Tight supply continues to rise home prices. The June mean list prices of all existing houses was $363,300, up 23. 4% from a year earlier, representing the 112nd consecutive month of year-over-year increases.</p>
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<p class="p__4">1% from a year back. Geographically, three of 4 regions saw a boost in existing house sales in June, varying from 1. 7% in the West to 3. 1% in the Midwest. Sales in the South remained flat in June. On a year-over-year basis, sales continued to grow by double-digits in all 4 areas, ranging from 18.</p>
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<p class="p__5">1% in the Northeast. Meanwhile, the Pending House Sales Index (PHSI), likewise reported by the NAR, is a positive sign based on signed agreements. The PHSI increased 8. 0% from 106. 2 to 114. 7 in May. On a year-over-year basis, sales were 13. 7% greater than a year back.</p>
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<p class="p__6">On the other hand, rising product costs and supply chain shortage are limiting contractors' capabilities to meet the increased level of need. The imbalance in between real estate supply and need might hinder future sales by increasing house prices and wearing down affordability. Like this: Like Filling ... Associated This Is Cool : Existing House Sales, stock, pending house sales index.</p>
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