Existing Home Sales (NAR) | RealEstateEconomyWatch.com

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Existing Home Sales (NAR) RealEstateEconomyWatch.com

Highlights
• Existing home sales rose 10.1 percent to an annualized pace of 6.10 million units in October from a month earlier. The annualized home sales in October is now 23.5 percent above its pace from a year ago.
• The three month average for existing home sales is 5.58 million annualized units.
• The Midwest, South, Northeast experienced increases of 14.4 percent, 12.8 percent, and 11.6 percent, respectively; while the West experienced an increase of only 1.3 percent.
• It was reported that 30 percent of home sales were foreclosure and short sales in October, up from 29 percent posted in September.
• The median home price declined 7.1 percent from a year ago.
• The months’ supply of homes available for sale dropped to 7.0 in October compared to 8.0 in September.

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