Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales rose 4.5 percent to a seasonally-adjusted annual rate of 3.95 million units in November from 3.78 million units in October, and are 12.9 percent above the 3.50 million-unit level in November 2010. The median existing single-family home price was $164,100 in November, down 4.0 percent from a year ago. The monthly supply of single-family homes is now only 7 months, a decline of 7.9 percent from last month and 25.5 percent from last year. This is the lowest monthly supply of single-family housing since December 2009. With this latest report the NAR released periodic benchmark revisions with downward adjustments to sales and inventory data since 2007. Led by a decline in homes that were for-sale-by-owner, overall there was a 14 percent downward revision to sales and inventory for the four year period since 2007.