May existing home sales climb 2%
Mike Larson (June 26th, 2008) Writes:
We just got May existing home sales data from the National Association of Realtors. Here's what the numbers looked like ...* Sales climbed 2% to a seasonally adjusted annual rate of 4.99 million in May from 4.89 million in April. That was slightly better than the average forecast of 4.95 million home sales. Sales were down 15.9% from the year-earlier reading of 5.93 million.* By region, sales rose 4.6% in the Northeast, 5.5% in the Midwest, and 2% in the West. They fell 0.5% in the South. By property type, sales climbed 1.6% in the single-family market and 5.5% in the condo arena. * The supply of homes for sale dipped 1.4% to 4.49 million units in May from 4.55 million in April, but climbed from 4.378 million a year earlier. On a months supply at current sales pace basis, inventory dipped to 10.8 months from ...
Tags for this Post:
Applications Index, Association Of Realtors, Current Market News, Current Sales, Economics, Existing Home Sales, Existing Home Sales Data, Home Builders, Homes For Sale, Housing Market, Lagging Indicator, Median Home Prices, Median Prices, Midwest, Months Supply, Mortgage Bankers Association, Nahb Index, National Association Of Realtors, Purchase Applications, Rose, Sales Pace, Single Family
Applications Index, Association Of Realtors, Current Market News, Current Sales, Economics, Existing Home Sales, Existing Home Sales Data, Home Builders, Homes For Sale, Housing Market, Lagging Indicator, Median Home Prices, Median Prices, Midwest, Months Supply, Mortgage Bankers Association, Nahb Index, National Association Of Realtors, Purchase Applications, Rose, Sales Pace, Single Family


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