Existing Home Sales Report: October 2011

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 |  Includes: ITB, PKB, REZ, XHB
by: Sold At The Top

Today, the National Association of Realtors released their Existing Home Sales Report for October showing an increase in sales with total home sales climbing 1.4% since September and 13.5% above the level seen in October 2010.

Single family home sales increased 1.6% from September and rose 13.8% above the level seen in October 2010 while the median selling price declined 5.8% below the level seen in October 2010.

Inventory of single family homes declined 0.5% from September dropping 12.2% below the level seen in October 2010 which, combined with the relatively slow pace of sales, resulted in an still elevated monthly supply of 7.8 months.

The following charts shows national existing single family home sales, median home prices, inventory and months of supply since 2005.


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