Sales during and after the holiday season make-up about 35% of retail stores total annual revenue says James Dean @ iHumanMedia.com. This year is no different, as we head into 2015. Clearance sales, auction liquidators and business inventory close-outs are drawing more customers into shop.
Many retail stores and manufacturers are scrambling to liquidate inventory still sitting on shelves and warehouse floors. Overall, most retailers are generally seeing steady volume but the economies slow growth trajectory is pushing them towards mobile Internet sales channels like Amazon.com and Online Sales Liquidation commented Mr. Dean.
Real Estate Home Sales Analysis – November 2014
According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage in November dropped to 4.00 percent, its lowest level since May 2013 (3.54 percent), and down from 4.04 percent in October.
Distressed sales – foreclosures and short sales – were unchanged in November from October (9 percent) and remained in the single digits for the fourth month this year; they were 14 percent a year ago. Six percent of November sales were foreclosures and 3 percent were short sales. Foreclosures sold for an average discount of 17 percent below market value in November (15 percent in October), while short sales were discounted 13 percent (10 percent in October).
Properties typically stayed on the market in November longer (65 days) than last month (63 days) and a year ago (56 days). Short sales were on the market the longest at a median of 116 days in November, while foreclosures sold in 65 days and non-distressed homes took 63 days. Thirty-two percent of homes sold in November were on the market for less than a month.
Single-family and Condo/Co-op Sales
Single-family home sales dropped 6.3 percent to a seasonally adjusted annual rate of 4.33 million in November from 4.62 million in October, but remain 2.4 percent above the 4.23 million pace a year ago. The median existing single-family home price was $206,200 in November, up 5.6 percent from November 2013.
Existing condominium and co-op sales declined 4.8 percent to a seasonally adjusted annual rate of 600,000 units in November from 630,000 in October, and are unchanged from a year ago. The median existing condo price was $199,000 in November, which is 1.2 percent higher than a year ago.
November 2014 existing-home sales in the Northeast declined 4.2 percent to an annual rate of 680,000, but are still 4.6 percent above a year ago. The median price in the Northeast was $246,100, which is 1.3 percent above a year ago.
In the Midwest, existing-home sales fell 8.9 percent to an annual level of 1.13 million in November, and are now 1.7 percent below November 2013. The median price in the Midwest was $160,500, up 7.0 percent from a year ago.
Existing-home sales in the South decreased 3.2 percent to an annual rate of 2.09 million in November, but remain 5.0 percent above November 2013. The median price in the South was $176,500, up 5.2 percent from a year ago.
Existing-home sales in the West dropped 9.6 percent to an annual rate of 1.03 million in November, and remain 1.0 percent below a year ago. The median price in the West was $292,700, which is 3.5 percent above November 2013.
Overview of the U.S. Christmas Season
|Retail industry sales in the U.S.||$3.19tn||Details →|
|Holiday employment in the U.S.||800k||Details →|
|Holiday retail sales in the U.S.||$619.9bn||Details →|
|Christmas holiday retail growth||4.1%||Details →|
|U.S. retail e-commerce holiday season sales||$72.41bn||Details →|
|Percentage of retailers beginning holiday promotions on October 1st||15.4%||Details →|
|Christmas shopping in the U.S.||Values||Statistic|
|Average Christmas expenditure on gifts||$781bn||Details →|
|Average amount spent on Christmas cards||$29.14||Details →|
|Amount of Cyber Monday shoppers in the U.S.||131m||Details →|
|Average number of holiday gifts expected by U.S. consumers||12.9||Details →|
|Percentage of U.S. consumers buying gifts online||45%||Details →|
|Christmas tree retail value in the U.S.||$1.16bn||Details →|