Existing Home Sales Rise In April

The National Association of REALTORS Press Release: Existing-Home Sales Rise

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 5.77 million units in April from an upwardly revised 5.36 million in March, and are 22.8 percent higher than the 4.70 million-unit pace in April 2009.
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Total housing inventory at the end of April rose 11.5 percent to 4.04 million existing homes available for sale, which represents an 8.4-month supply at the current sales pace, up from an 8.1-month supply in March.

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Tags: Housing Market

This entry was posted on May 24, 2010 at May 24, 2010 and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed.