Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for April showing an increase in sales with total home sales climbing 3.4% since March rising 10% above the level seen in April 2011. Single family home sales also improved rising 3.0% from March and 9.9% above the level seen in April 2011 while the median selling price increased 10.4% above the level seen in April 2011.
Inventory of single family homes increased 10.9% from March dropping 18.8% below the level seen in
April 2011 which, along with the sales pace, resulted in a monthly supply of 6.6 months.
The following charts (click for full-screen dynamic version) shows national existing single family home sales, median home prices, inventory and months of supply since 2005.
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