SALES Year over Year
2009 was a banner year in terms of number of homes sold, the third highest on record. 2010 is showing signs of exceeding that figure. Despite NAR’s most recent data (May)1 that indicated a 2.2% decline in existing home sales on a seasonally-adjusted annual basis, the pattern here is just the opposite. Since January, monthly sales have exceeded the previous year’s monthly total in five of the six months. If sales continue on the present track, 2010 sales could exceed 100,000, making this the second highest sales year ever, exceeded only by 105,000 in 2005.
ARMLS STAT JULY 2010
1NAR May Sales report - http://www.realtor.org/press_room/news_releases/2010/06/may_strong_pace
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