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NAR Latest Housing Report


Existing Home Sales for December 2009

Volume was down in December from a tax-credit-incented November, but volume was up compared to December 2008. Existing Home pricing was slightly higher.

Selected excerpts from the latest existing homes report from the National Association of REALTORS®:

Existing-home sales fell as expected in December after first-time buyers rushed to complete deals during the months leading up to the original November deadline for the tax credit. However, prices rose from December 2008 and annual sales improved in 2009, according to the National Association of REALTORS®.

Existing-home sales—including single-family, townhomes, condominiums and co-ops—fell 16.7 percent to a seasonally adjusted annual rate of 5.45 million units in December from 6.54 million in November, but remain 15 percent above the 4.74 million-unit level in December 2008.

There were approximately 5,156,000 existing-home sales in 2009, which was 4.9 percent higher than the 4,913,000 transactions recorded in 2008. It was the first annual sales gain since 2005.

You can access the complete report from NAR by following this link to their site.
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This entry was posted on January 26, 2010, 5:06 am and is filed under Real Estate Data. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.

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