Market Updates
December Home Sales Decline 16.7%
123jump.com Staff
25 Jan, 2010
New York City
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December home sales declined 16.7% from a year ago to 5.45 million. Sales in 2009 increased for the first time since 2005. Housing inventory at the end of the month was at 7.2-month supply.
[R]10:50 AM New York – December home sales declined 16.7% from a year ago to 5.45 million. Sales in 2009 increased for the first time since 2005. Housing inventory at the end of the month was at 7.2-month supply.[/R]
Seasonally adjusted existing home sales in December decreased 16.7% to 5.45 million units from 6.54 million in November but 15% higher from a year ago month in 2008 of 4.74 million units.
Existing home sales in 2009 increased 4.9% from a year ago to 5.15 million, its first annual increase since 2005.
Total housing inventory at the end of December declined 6.6% to 3.29 million, approximately 7.2 month supply.
Annual Returns
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Earnings
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