Existing homes sales are nearing a 5 year high! In the West, sales were up 8.8 percent from a year ago to an annual rate of 1.23 million units in December, and the median price jumped 17.3 percent from last December to $239,900, the largest yearly proportional price jump of any region. It looks to me like we're getting our game back! Sales are rising, sale prices are rising and we're hoping inventory is rising. If you have been tossing around the idea of selling your house, for whatever the reason, contact the Stephanie Woods Team. We have a highly trained, education and professional staff with years of experience assisting buyers AND sellers in their real estate needs.
Existing-home sales, December 2012
Seasonally adjusted annual rate
|
4.94 million
|
% change from December 2011
|
+12.8%
|
% change from November 2012
|
-1.0%
|
National median price
|
$180,800
|
% change from December 2011
|
+11.5%
|
Unsold inventory (months' supply)
|
4.4
|
Share of all-cash buyers
|
29%
|
Share of investor buyers
|
21%
|
Share of first-time buyers
|
30%
|
Share of distressed sales
|
24%
|
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