Wednesday, November 20, 2013

Existing Home Sales Report: October 2013

Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for October showing decreased sales with total home sales falling 3.2% since September but rising 6% above the level seen in October 2012.

Single family home sales also declined falling 4.1% from September but rising 5.2% above the level seen in October 2012 while the median selling price increased a notable 12.7% above the level seen a year earlier.

Inventory of single family homes declined from September to 1.88 million units but climbed 1.1% above the level seen in October 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.