NAR's existing home sales bounced up slightly for February with a 1.2% sales increase. This is surprising sales increased at all, even with seasonality adjustments, considering America's East was stuck in either a snow bank or an ice cube for the month.. This makes sales 4.7% higher than February of last year. Sales by volume was 4.88 million in February.
The bitter cold blew in more than snow for January. Existing home sales suffered as well with a -4.9% decline in sales for the month. This is the biggest monthly drop off in nine months with single family homes declining by -5.1% in sales. Sales by volume are now 4.82 million in January. April 2014 showed 4.75 million annualized sales.
The existing home sales headlines blare this is the highest increase for 2014. That is true, yet the increase isn't much of a soar, more of a bounce back from last month's -1.75% decline. The NAR reported existing home sales increased 2.4% from last month and are down -1.7% from last year. This represents 5.17 million homes at annualized rates.
The NAR reported existing home sales plunged -5.1% from last month and are down -5.1% from January of last year. This is the 3rd decline from from year ago. Existing home sales are now at July 2012 levels. While many blame the harsh winter on falling sales, in the West where weather has not been a factor, existing home sales declined -7.3% for the month and are down -13.7% for the year.
The NAR reported existing home sales increased 1.0% from last month and are down -0.6% from December of last year. This is the 2nd decline from from year ago, previously not seen since June 2011. Existing home sales for the entire 2013 year, on the other hand, hit housing bubble levels not seen since 2006. For all of 2013, existing home sales increased 9.1% from 2012.
The NAR reported existing home sales plunged -4.3% from last month and are down -1.2% from last year. This is the first yearly decline in existing home sales since June 2011, a full 29 months ago. Unsold Inventory increased 5.0% from last year and represents a 5.1 months supply at current rates . Volume was an annualized and seasonally adjusted 4.90 million for November 2013.
The NAR reported existing home sales declined -1.9% from last month and are up 10.7% from last year. Sales have increased on a yearly basis for the last 27 months in a row. Inventories are still a very tight five months of supply. Inventories increased 2.0% from last month but are down, -7.4% from a year ago. Existing homes sales nationwide have increased 10.7% from a year ago.
The NAR reported existing home sales declined -1.2% from last month and May figures were revised down by 40,000 annualized units. The revision gives a 3.4% monthly May gain instead of the 4.2% originally reported. Inventories are still a very tight 5.2 months of supply, a 4.0% increase from last month's five month supply and a -18.8% annual drop in supply for existing sales demand.
The NAR reported existing home sales jumped 4.2% from last month and inventories are still a very tight 5.1 months of supply for May 2013. Existing homes sales have increased 12.9% from a year ago. Volume was 5.18 million against April's 4.97 million annualized existing home sales.
NAR reported their March 2013 Existing Home Sales. Existing home sales decreased -0.6% from last month and inventories increased to a still very tight 4.7 months of supply. Existing homes sales have increased 10.3% from a year ago. Volume was 4.92 million against February's 4.95 million, annualized existing home sales.
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