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Home sales slip 4.6 percent in February

Home sales fell 4.6 percent from January 2013, according to Tuesday's New Residential Home Sales Report from the US Census Bureau.

By Guest blogger / March 27, 2013

Tuesday's New Residential Home Sales Report for February 2013 showed a notable monthly decline with sales falling 4.6 percent from January.

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Yesterday, the U.S. Census Department released its monthly New Residential Home Sales Report for February showing a notable monthly decline with sales falling 4.6% from January but rising 12.3% above the level seen in February 2012 but still remaining at an historically low level of 411K SAAR units. 

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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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It's important to recognize that the inventory of new homes appears to be mounting as unsold units totaled 152K, still though near the lowest level seen in in at least 47 years while the median number of months for sale rose to 5.0. 

The monthly supply increased to 4.4 months while the median selling price increased 2.88% and the average selling price increased 14.49% from the year ago level. 

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