Rob Drakeley


PO BOX 1200
Southbury, CT 06488

Cell: 203-605-0747   
Phone: 203-605-0747 

Housing Trends

December 2016

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National market update

Existing-Home Sales Forge Ahead in November

WASHINGTON (December 21, 2016) — A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors®.

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America's Hottest Markets for Real Estate in December 2016

"On Dasher, on Dancer … on U.S. home buyers!” At least, that’s what Santa might say if he were checking out® data while making his express prime deliveries (guaranteed delivery by Christmas morning) later this month. We took an early peek at the stats for December 2016 and found that, much like demand for toys and candy canes, demand for real estate showed no signs of slowing down for the holidays.

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National housing indicators

Existing home sales (Nov)

5.61 millions units*

Existing home median price (Nov)


Housing Starts (Nov)

1.090 millions units*

New home sales (Oct)

0.563 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

3rd Quarter 2016


3rd Quarter 2015


The homeownership rate of 63.5 percent was not statistically different from the third quarter 2015 rate (63.7 percent) and 0.6 percentage points (+/-0.4)* high than the second quarter 2016 rate(62.9 percent).

New home sales

Nov 2016


Oct 2016


Sales of new single-family houses in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.2 percent (±14.1%)* above the revised October rate of 563,000 and is 16.5 percent (±19.3%)* above the November 2015 estimate of 508,000.


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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Drakeley REO's service the REO industry exclusively! We guide first time home buyers through the process of purchasing a bank owned home or REO. With 21 years in the Real Estate retail industry & recent years as a Mortgage Loan Consultant, we are here to help, and service the public when it comes to purchasing or selling a bank owned asset. Read more

Our New Exclusive REO Real Estate Company. Selling Bank Owned Homes throughout Connecticut Exclusively for the Banks and Asset Managers Read more

Rob's a resident of Southbury & member of Sacred Heart Church w/an active role @ Pomperaug Elementary as Class Dad & PTO. RE Broker since 1997 & loan originator since 2012, NMLS#336022. Certified Distressed Property Expert. Member of Woodbury & Southbury Business Associations. Council of Residential Specialists. University of Miami class of 1995. Read more

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Consumer tips & hot properties


The 5 Real Estate Trends That Will Shape 2017

Wonder what the new year holds in store? These key trends are likely to influence home buyers and sellers across the United States.

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The Best Real Estate Advice You Got in 2016, Decided by You

These are the 10 advice stories you viewed, shared, and discussed the most this year—plus can't-miss takeaways for each.

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Don't Get Stuck Experiencing Home Buyer's Remorse

When you're buying a home, it's tempting to skip over some stuff just to get to the finish line—but taking shortcuts may cost you.

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5 (Totally Legal) Tricks to Boost Your Credit Score Fast

Low credit score holding you back? We have the lowdown on how to raise your credit score—in some cases, almost overnight.

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Don't Be Gross, and 6 Other Things Your Housecleaner Wishes You Knew

Housecleaners can make your life so much easier—but here's what they wish you knew about helping them to help you.

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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.