Keeping you up to date on the latest data releases.
- Existing Home Sales
According to the National Association of Realtors, sales of existing single-family homes rose 4.6 percent from November to December to a seasonally adjusted rate of 4.1 million units sold, the highest level since May 2010. This also represents the third consecutive month of positive growth and a 4.3 percent increase from December 2010. Nationally, sales ranged from a 10.6 percent increase in the Northwest, to a 0.9 percent decrease in the West. The median price of home fell to $165,100, a 2.5 percent decrease from last year. The annual median price of homes fell across all census regions, most significantly a 7.4 percent decrease in the Midwest. As sales continue to improve, the monthly supply and inventory of existing single-family are steadily declining, partially due to a continuing decline on new home construction. The monthly supply of housing fell for the fifth consecutive month to only 6.1 months supply, the lowest since April 2006. Inventories fell for the sixth consecutive month to 2.08 million units, which is the lowest level since March 2005.