Existing home sales jump 4.3 percent in May
Today, the (NAR) released their May showing an increase in sales with total home sales rising a notable 4.2% since April and climbing 12.9% above the level seen in May 2012.聽
Single family home sales also improved climbing a whopping 5.0% from April and rising 12.7% above the level seen in May 2012 while the median selling price increased a notable 15.8% above the level seen a year earlier.聽
Inventory of single family homes increased from聽April to 1.98 million units but still remained 9.2% below the level seen in聽May 2012 which, along with the sales pace, resulted in a monthly supply of 5.2 months.聽
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.聽
