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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

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

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.

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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