Moderate Growth in Existing Home Sales

National Association of Realtors reported sales of existing homes, completed transactions of single-family, townhomes, condominiums and co-ops rose 4 percent in November to a seasonally adjusted annual rate of 4.42 million.
Courtesy of NAHB

Existing home sales continued to grow at a moderate rate on a month-to-month basis in November and also improved upon their year ago level.

This follows a modest increase of 1.4 percent in October, and a decline of 3 percent in September. On a year-over-year basis, existing home sales are 12.2 percent higher than the 3.94 million unit level in November 2010.

• Single-family home sales increased 4.5 percent to a seasonally adjusted annual rate of 3.95 million units.
  
• Condominium and co-op sales remained unchanged at 470,000 units and are 6.8 percent higher than their year-ago pace of 440,000 units.
  
• Northeast jumped 9.8 percent to an annual pace of 560,000 units.
  
• Midwest rose 4.3 percent to 960,000 units.
  
• West was up 3.6 percent to 1.16 million units.
  
• South increased 2.4 percent to 1.74 million units.
  

– Courtesy of NAHB