Existing home sales climb 1 percent in December(Read article summary)
Existing home sales rose 1 percent in December but fell on a year-over-year basis, according to the latest data from the National Association of Realtors (NAR).
Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for December showing increasing sales with total home sales rising 1% since November but falling 0.6% below the level seen in December 2012.
Single family home sales also rose climbing 1.9% from November falling 0.7% below the level seen in December 2012 while the median selling price increased 9.8% above the level seen a year earlier.
Inventory of single family homes declined from November to 1.64 million units and climbed 1.9% above the level seen in December 2012 which, along with the sales pace, resulted in a monthly supply of 4.6 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.