Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for April showing an increase in sales with total home sales rising 0.6% since March and climbing 9.7% above the level seen in April 2012. Single family home sales also improved climbing 1.2% from March rising 9.0% above the level seen in April 2012 while the median selling price increased a notable 11% above the level seen a year earlier.
Inventory of single family homes increased from March to 1.92 million units but still remained 11.9% below the level seen in April 2012 which, along with the sales pace, resulted in a monthly supply of 5.3 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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