U.S. existing-home sales rose for the third straight month in December, completed in 2011 with a modest overall increase in sales from a year earlier, according to a report released today by the National Association of Realtors.
Sales of single-family homes, townhomes, condominiums and cooperatives saw an increase of 1.7 per cent in 2011, to 4.26 million houses of 4.19 million in 2010, the report said. Last month, Nar released customized sales estimates 2007-House between 10. 4.19 Million cited for sales in 2010 is
In December, there are houses sales increased 3.6 percent year-over-year and 5 percent for month to month, seasonally adjusted annual rate of 4.61 million. National average house prices down 2.5 percent last month, to $ 164,500.
On a monthly basis, unsold inventory fell 9.2 percent in December to 2.38 million, representing a 6.2-month supply of the current sales pace-inventories the lowest level since March 2005, the report said.
Home depressed, sold at an average of 10 per cent discount, accounted for 32 percent of sales last month (19 percent foreclosure, short sale of thirteen per cent), down from 36 percent in December 2010, the report said.