The National Association of Realtors report for U.S. *existing* home sales -- with data through September 2012 -- was released October 19.
Existing-home sales are re-sales of extant property, they are completed transactions for the month prior; new construction is excluded from review. Data includes all property types: single-family homes, townhomes, condominiums and co-ops.
U.S. Home Sales
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 11% above September 2011. The national median existing-home price for all housing types was $183,900 in September, up 11.3% from a year ago. Listed inventory is 20% below a year ago.
- Sales are 10.8% higher than September 2011.
- The median existing single-family home price was $184,300 in September, up 11.4% from a year ago.
Condominiums and co-ops:
- Sales are 12.5% above a year ago.
- The median existing condo price was $181,000 in September, which is 10.0% higher than September 2011.
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