Home sales up but prices down

The National Association of Realtors report shows single family home sales up 5 percent from last year with prices down 3 percent.

This chart shows the number of single family home sales from November 2005 through January 2011. The number of sales in January was the highest since May 2010.

Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for January showing a continued increase in sales coming in the wake of the now obviously phony baloney government tax gimmick sponsored surge in home sales activity seen earlier in 2010 and 2009.

Single family home sales increased 2.4% since December rising 4.92% above the level seen last year while prices declined 2.7% below the level seen in January 2010.

Further, inventory remains high climbing 4.6% above the level seen in January 2010 which, combined with the relatively slow pace of sales, resulted in a monthly supply of 7.5.

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.

Add/view comments on this post.


The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.

of stories this month > Get unlimited stories
You've read of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.