Existing Home Sales Decline, Median Prices Increase

Eye on Housing

Existing home sales declined 5.4 percent from May, but are up 4.5 percent from the same period a year ago. The National Association of Realtors (NAR) reported June 2012 total existing home sales were at a seasonally adjusted rate of 4.37 million combined for single-family homes, townhomes, condominiums and co-ops. The May 2012 seasonally adjusted rate was revised upward to 4.62 million units, compared to the seasonally adjusted rate a year ago in June 2011 of 4.18 million units.

In June 2012, single-family existing home sales were 4.8 percent above the level of a year ago, but down 5.1 percent from May. The June 2012 level of single-family existing sales was a seasonally adjusted 3.90 million sales compared to 3.72 million seasonally adjusted single-family existing sales a year ago, and an upwardly revised 4.11 million seasonally adjusted single-family sales in May 2012. Seasonally adjusted condominium and co-op sales were 470,000…

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