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Real Estate Sales
Home Sales
- Sales of new single-family homes totaled 358,000 (SAAR) units in the first quarter of 2010, down 4 percent from the previous quarter but up 6 percent from the first quarter of 2009; both changes are statistically insignificant. The average monthly inventory of new homes for sale during the first quarter was 231,000 units, a statistically insignificant 2 percent below the previous quarter and 29 percent below the first quarter of last year. The months’ supply of unsold homes based on monthly inventories and sales rates for the first quarter of 2010 was 7.8 months, a statistically insignificant 2 percent above the fourth quarter of 2009 but 32 percent below the first quarter of last year.
- Sales of existing homes—including single-family homes, town homes, condominiums, and cooperatives—as reported by the NATIONAL ASSOCIATION OF REALTORS® totaled 5,137,000 (SAAR) in the first quarter of 2010, down 14 percent from the previous quarter but up 11 percent from the first quarter of 2009. The average monthly inventory of units for sale during the first quarter of 2010 was 3,464,000, virtually the same as the previous quarter but down 6 percent from the first quarter of 2009. The average months’ supply of unsold units for the first quarter of 2010 was 8.1 months, up 16 percent from the fourth quarter of 2009 but down 16 percent from the first quarter of last year.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. 2010 1st Quarter Real Estate Market Data – The State of US Home Sales is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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