Home sales fall 1.7 percent in September

The National Association of Realtors' most recent Existing Home Sales Report shows a decline of 1.7 percent in sales since August. Home sales still rose above 11 percent the level a year ago.

By SoldAtTheTop,?Guest blogger / October 19, 2012

This chart shows national existing single family home sales since 2005.

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Today, the?National Association of Realtors?(NAR) released their?Existing Home Sales Report for?September showing a decline in sales with total home sales falling 1.7% since August but still rising 11% above the level seen in September 2011.?

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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Single family home sales also declined dropping 1.9% from August but still rising 10.8% above the level seen in September 2011 while the median selling price declined slightly on the month but increased 11.4% above the level seen a year earlier.?

Inventory of single family homes declined 4.2% from August dropping 18.1% below the level seen in?September 2011 which, along with the sales pace, resulted in a fairly balanced monthly supply of 5.8 months.?

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/hfpsLp5Ezhg/Home-sales-fall-1.7-percent-in-September

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