South and Midwest Regions are Gaining Larger Share of Homebuyers

From National Association of Realtors:

“The South and Midwest regions have accounted for an increasing fraction of existing home sales since 2012 while the shares of the North and West regions have declined, according to the October 2019 existing home sales estimates of the National Association of REALTORS®. The South region’s share of existing home sales increased from 36% in 2000 to 43% (as of October 2019), while the Northeast region’s share from 18% to 13% during the same period. The West region’s home sales share has slightly fallen from 23% to 21% while the Midwest region’s share has remained the same at 24%.  However, since 2011, the Midwest region has been gaining market share, from 21% to 24%. The share of the West region rose to as high as 27% in 2011 but started declining in 2012, to just 21%  in 2019.”

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Posted by at 10:29 AM

Labels: Global Housing Watch


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