Paper Economy - A US Real Estate Bubble Blog: Existing Home Sales Report: January 2012

Wednesday, February 22, 2012

Existing Home Sales Report: January 2012

Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for January showing an increase in sales with total home sales climbing 5.0% since November and 3.6% above the level seen in December 2010.

Single family home sales increased 3.8% from December and rose 2.3% above the level seen in January 2011 while the median selling price declined 2.6% below the level seen in January 2011.

Inventory of single family homes increased 1.5% from December dropping 18.9% below the level seen in January 2011 which resulted in a monthly supply of 6.1 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.

Labels: economy, existing home sales, housing

9 Comments:

Thanks for sharing a very informative post. The figures show how well informed you are about the topic. Great post!

By Perth investment property, at 5:31 AM
Interesting post!thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic and thank you for sharing this very useful post.

By purchase property in us, at 5:51 AM
Great informative post you have here! Good job!

Although the changes with home sales are not that impressive, it's somehow relieving knowing that there is gradual positive signs showing that the housing market is slowly rising up from its meltdown period....

By Arnold Atkins, at 4:58 AM
Excellent post. As families grow smaller and there are more single people than married couples they demand smaller homes and apartments. But as they get older they want higher quality homes. The developers are not catering to this demand.

By how to play tennis, at 12:20 AM
Yes developers need to get smarter about what the market needs rather than waht they want to develop.

By how to get a girl to like you, at 12:22 AM
Great post! this small rate of increase in home sales can be the sign of huge improvements that are soon to come in real estate industry.

By Yvonne R. Stoltz, at 10:16 PM
Nice comparison by using the figures that elaborate the Real Estate sales report of US..Thanks for the post...

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By Adnan Munir, at 4:52 AM
Even though alterations with home revenue aren't which extraordinary, it can be somehow alleviating if you know there exists continuous beneficial indications exhibiting that the housing market will be slowly and gradually rising up looking at the crisis period....
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