Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for September showing a notable decline in sales with total home sales falling 3% since August but remaining 11.3% above the level seen in September 2010.
Single family home sales dropped a notable 3.6% from August but rose 12.2% above the level seen in September 2010 while the median selling price declined 3.9% below the level seen in September 2010.
Inventory of single family homes declined 3.2% from August dropping 11.2% below the level seen in September 2010 which, combined with the relatively slow pace of sales, resulted in an still elevated monthly supply of 8.22 months.
The following charts (click for full-screen dynamic version) shows national existing single family home sales, median home prices, inventory and months of supply since 2005.
