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Real Estate
Brian
Trumbore
President/Editor, StocksandNews.com
In my Week in Review column, since 2008 I have been talking about housing, as measured by the median home price, bottoming in the “April-May” time period of 2009 so I’ve been following the sector carefully since the prediction.
Below find the latest data from the National Association of Realtors on Existing Home Sales, which represent 90% of the total these days, including median home prices. [Sales data is annualized.]
Existing Home Sales (U.S.)
2006…6,478,000
2007…5,652,000
2008…4,913,000
2008…Jul 4,990,000
2008…Aug 4,930,000
2008…Sept 5,100,000
2008…Oct 4,940,000
2008…Nov 4,540,000
2008…Dec 4,740,000
2009…Jan 4,490,000
2009…Feb 4,710,000
2009…Mar 4,550,000
2009…Apr 4,660,000
2009…May 4,720,000
2009…Jun r 4,890,000
2009…Jul p 5,240,000
Median Sales Price of Existing Homes (U.S.)
2006…$221,900
2007….219,000
2008….198,100
2008…Jul 210,100
2008…Aug 203,200
2008…Sept 191,400
2008…Oct 186,400
2008…Nov 180,300
2008…Dec 175,700
2009…Jan 164,800
2009…Feb 168,200
2009…Mar 169,900
2009…Apr 166,600
2009…May 174,700
2009…Jun r 182,000
2009…Jul p 178,400
Source: realtor.org
The above aside, whenever we do bottom I have also said we just sit there for a while; possibly a long while.
Brian Trumbore |
