Thursday, October 22, 2015

Existing Home Sales Report: September 2015

Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for September showing strong sales with total home sales rising 4.7% since August and climbing 8.8% above the level seen in September 2014.

Single family home sales also increased with sales rising 5.3% from August but and climbing 9.6% above the level seen in September 2014 while the median selling price increased 6.6% above the level seen a year earlier.

Inventory of single family homes decreased from August to 1.96 million units falling 3.0% below the level seen in September 2014 which, along with the sales pace, resulted in a monthly supply of 4.8 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.