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Above: Bali, Indonesia
The appeal of waterfront destinations makes beach- and lake-oriented properties among the most popular. But how has demand changed over the past year—and what are buyers seeking? We asked Leading Real Estate Companies of the World® (LeadingRE) members from waterfront locations around the globe to shed some light.
For the fourth consecutive month, existing-home sales decreased, according to the latest report from the National Association of REALTORS®.
For all existing homes, transactions decreased 0.9% from April to a seasonally adjusted annual rate of 5.80 million in May. Compared to last year, sales are up 44.6%, however.
Single-family home sales decreased by 1% since last month to a seasonally adjusted annual rate of 5.08 million. Condos and co-ops were unchanged from April but up 100% YoY.
Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor.