Monday, July 03, 2006

May Home Sale statistics released

The National Association of Realtors® (NAR) reports that "Total existing-home sales – including single-family, townhomes, condominiums and co-ops – eased 1.2 percent to a seasonally adjusted annual rate1 of 6.67 million units in May from a pace of 6.75 million in April, and were 6.6 percent below the 7.14 million-unit level in May 2005."

Further stats released are:
* National median existing-home price for all housing types was $230,000 in May, up 6.0% from May 2005 when the median was $217,000.
* Total housing inventory levels rose 5.5% at the end of May to 3.60 million existing homes available for sale, which represents a 6.5-month supply at the current sales pace.
* Existing condominium and cooperative housing sales rose 1.9% to a seasonally adjusted annual rate of 852,000 units in May from a pace of 836,000 in April, but were 6.6% below the 912,000-unit pace in May 2005.
* The median existing condo price was $229,300 in May, up 1.9% from a year earlier.
* Single-family home sales slipped 1.5% to a seasonally adjusted annual rate of 5.82 million in May from 5.91 million in April, and were 6.6% below the 6.23 million-unit level in May 2005.
* The median existing single-family home price was $229,700 in May, up 6.4% from 2005.

To read more, including regional statistics, go here: May 2006 NAR report on home sales

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