Thursday, December 19, 2013

Existing Home Sales Report: November 2013

Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for November showing decreased sales with total home sales falling a whopping 4.3% since October and falling 1.2% below the level seen in November 2012.

Single family home sales also declined notably falling 3.8% from October dropping 0.9% below the level seen in November 2012 while the median selling price increased 9.4% above the level seen a year earlier.

Inventory of single family homes increased from October to 1.87 million units and climbed 5.6% above the level seen in November 2012 which, along with the sales pace, resulted in a monthly supply of 5.2 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.