Existing home sales climb 1 percent in December

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). 

By , Guest blogger

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    This chart shows the rate of existing single family home sales over the past five years. Existing home sales climbed 1 percent in December, according to the NAR.
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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. 

Recommended: How savvy are you about real estate? Take our quiz.

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. 

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