Home sales dropped last month, but not because demand was lacking. There are fewer homes for sale than at any time in the last 11 years.
Existing Home Sales Move Higher In October
After a small decline in September, Existing Home Sales rebounded in October, increasing a modest 2.1%.
Home Supplies Drop To Multi-Year Low
The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago.
Existing Home Sales Rise To 4.47 Million
Home resales climbed 2% last month as the housing market continues its slow, steady recovery.
Existing Home Supply Ticks Higher To 6.6 Months Nationwide
Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm.
