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Existing home sales fall 3.2 percent in October

Existing home sales fell 3.2 percent since September but rose 6 percent above the level seen in October 2012. 

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This chart shows the monthly and annual change in single family home sales since 2007. Sales have fallen in recent months following two years of fairly consistent growth.

Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for October showing decreased sales with total home sales falling 3.2% since September but rising 6% above the level seen in October 2012. 

Single family home sales also declined falling 4.1% from September but rising 5.2% above the level seen in October 2012 while the median selling price increased a notable 12.7% above the level seen a year earlier.

Inventory of single family homes declined from September to 1.88 million units but climbed 1.1% above the level seen in October 2012 which, along with the sales pace, resulted in a monthly supply of 5.0 months. 

The following charts (click for full-screen dynamic version) show national existing single family home sales, median home prices, inventory and months of supply since 2005. 

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