Here are statistics provided by the National Association of Realtors that have been compiled into a legible format by an investor from another online forum I belong to :
Sales Median Price Inventory Months
(Millions) (Thousands) (Millions) Supply
2004 5.958 $195.2 1.970 4.3
2005 6.180 + 3.7% $219.0 +12.2% 2.390 4.4 + 2.0%
2006 5.677 - 8.1% $221.9 + 1.3% 2.920 6.4 +45.5%
2007 5.095 -10.3%* $217.5 - 2.0%* 3.558* 8.5 +32.8%*
---------------------------------------------------------------------------
2007 Sales M/M Y/Y Price M/M Y/Y M/M Y/Y
Jan 5.670 +3.1% $209.3 -5.2% 3.050 6.5 + 4.5%
Feb 5.880 +3.7% $212.4 +1.5% 3.190 6.5 + 0.0%
Mar 5.350 -9.0% $216.2 +1.8% 3.220 7.2 +10.8%
Apr 5.240 -2.1% $219.3 +1.4% 3.580 8.2 +13.9%
May 5.190 -1.0% $221.9 +1.2% 3.730 8.6 + 4.9%
Jun 5.020 -3.3% $229.2 +3.3% 3.750 9.0 + 4.7%
Jul 5.000 -0.4% $228.5 -0.3% 3.830 9.2 + 2.2%
Aug 4.790 -4.2% $223.7 -2.1% 3.730 9.3 +10.9%
Sept 4.370 -8.6% -19.8% $208.6 -6.8% -4.2% 3.700 10.1 + 8.6% +48.5%
Oct 4.370 -0.0% -20.8% $205.7 -1.4% -6.3% 3.800 10.5 + 4.0% +45.8%
-------------
* Annual rate
Always remember: Liars figure; figures don't lie.
Comments(3)