Thursday, January 23, 2014

Existing Home Sales Report: December 2013

Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for December showing increasing sales with total home sales rising 1% since November but falling 0.6% below the level seen in December 2012.

Single family home sales also rose climbing 1.9% from November falling 0.7% below the level seen in December 2012 while the median selling price increased 9.8% above the level seen a year earlier.

Inventory of single family homes declined from November to 1.64 million units and climbed 1.9% above the level seen in December 2012 which, along with the sales pace, resulted in a monthly supply of 4.6 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.