Single family home sales are up
Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for December showing an increase in sales with total home sales climbing 5.0% since November and 3.6% above the level seen in December 2010.
Single family home sales increased 4.6% from November and rose 4.3% above the level seen in December 2010 while the median selling price declined 2.5% below the level seen in December 2010.
Inventory of single family homes declined 10.7% from November dropping 19.7% below the level seen in December 2010 which resulted in a monthly supply of 6.1 months.
The above chart (click for full-screen dynamic version) shows national existing single family home sales.
