U.S. Home Sales Dip in November, Says NAR

WORLD PROPERTY JOURNAL | December 20, 2019

U.S. Home Sales Dip in November, Says NAR
According to the National Association of Realtors, existing-home sales fell in November 2019, taking a small step back after October's gains. The Northeast and Midwest both reported growth last month, while the South and West saw sales decline. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.7% from October to a seasonally-adjusted annual rate of 5.35 million in November. However, sales are up 2.7% from a year ago (5.21 million in November 2018). Lawrence Yun, NAR's chief economist, said the decline in sales for November is not a cause for worry. "Sales will be choppy when inventory levels are low, but the economy is otherwise performing very well with more than 2 million job gains in the past year," said Yun.

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The average pay for a property manager across the nation is $63,570, with the middle 50% making between $37,060 and $76,950.

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Spotlight

The average pay for a property manager across the nation is $63,570, with the middle 50% making between $37,060 and $76,950.