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Single family home sales are up

Single family home sales increased 4.6 percent from November and rose 4.3 percent above the level seen in December 2010

By Guest blogger / January 23, 2012

This chart shows single family home sales since 2007. Existing home sales have been slow to recover since bottoming out in 2010.

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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.

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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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.

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