With this drop in the pace of sales, the supply of inventory rose to 7.8 months from 7.2 months. The supply of inventory will have to continue to decline before prices can be certain to have bottomed out. Over the month the median sales price fell 3.4 percent to $164,700. From a year prior, prices were down 4.7 percent.
|Sales (mil. annualized)||5.05||5.44||6.49||5.98||5.60||5.10|
|M/M % Change||-7.2||-16.2||8.5||6.8||9.8||-0.8|
|Median Price (‘000s)||$164.7||$170.5||$170.0||$172.0||$175.9||$177.2|
|M/M % Change||-3.4||0.3||-1.2||-2.2||-0.7||-2.3|
10.02.26 (Source: National Association of Realtors)