Pending Home Sales declined in December by -4.3%, annualized, according to the National Association of Realtors. Pending home sales have increased 6.9% from a year ago. November's pending home sales was revised down to 1.6% monthly increase.
NAR reported their September 2012 Existing Home Sales. Existing home sales decreased -1.7% from last month and inventories are down to a now tight 5.9 months of supply. Existing homes sales have increased 11.0% from a year ago. Volume was 4.75 million, annualized against August's revised up, from 4.82 to 4.83 million, annualized existing home sales.
The NAR released their August 2012 Existing Home Sales. Existing home sales increased 7.8% from last month and inventories are down to a now tight 6.1 months of supply. Existing homes sales have increased 9.3% from a year ago. Volume was 4.82 million, annualized against July's 4.47 million annualized existing home sales. Existing home sales haven't been this strong since May 2010.
The NAR released their July 2012 Existing Home Sales. Existing home sales increased 2.3% from last month and inventories are down to a measly 6.4 months of supply. Existing homes sales have increased 10.4% from July of last year. Volume was 4.47 million, annualized against June's 4.37 million annualized existing home sales.
The National Association of Realtors released their pending home sales for January 2012 yesterday. Beware of revisions, we've seen irrational exuberance on pending home sales before.
The National Association of Realtors' January 2012 existing home sales statistics show an annualized 4.3% monthly increase in total existing homes sales from December. Annualized gives what the yearly level and rate would be if the current month's rate was applied to an entire year. The change in existing home sales from this time last year was 0.7%.
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