Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for July showing an increase in sales with total home sales climbing a whopping 6.5% since June and rising 17.2% above the level seen in July 2012.
Single family home sales also rose climbing a notable 6.3% from June and rising 16.4% above the level seen in July 2012 while the median selling price increased a notable 13.5% above the level seen a year earlier.
Inventory of single family homes increased from June to 2.00 million units but still remained 3.8% below the level seen in July 2012 which, along with the sales pace, resulted in a monthly supply of 5.0 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.
