Dec. Existing Home Sales: +5.6% to 5.28M vs. 4.8M expected. Inventory of unsold homes on the...

|By:, SA News Editor
Dec. Existing Home Sales: +5.6% to 5.28M vs. 4.8M expected. Inventory of unsold homes on the market -4.2% to 3.56M; months supply 8.1. Median sales price -1% Y/Y to $168,800. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” NAR's Lawrence Yun says.