Thursday, November 22, 2012

NAR: Existing U.S. Home Sales Rise 11.1%

The National Association of Realtors report for U.S. existing home sales -- with data through October 2012 -- was released November 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, rose 2.1% in October from September, and are 10.9% above October 2011. 

The national median existing-home price for all housing types was $178,600 in October, which is 11.1% above a year ago. This marks eight consecutive monthly year-over-year increases, which last occurred from October 2005 to May 2006.

Single-family homes:
  • Single-family home sales rose 1.9% in October from 4.14 million in September, and are 9.6% above October 2011.
  • The median existing single-family home price was $178,700 in October, which is 10.9% higher than a year ago.

Condominiums and co-ops:
  • Existing condominium and co-op sales rose 3.6% in October, and are 21.3% above a year ago.
  • The median existing condo price was $177,500 in October, up 11.7% from October 2011.

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Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.

  Ben Dursch  

202-288-4334 |



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