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REAL Trends Housing Market Report – December 2012

*based on November Data

The December 2012 report shows that the rate of housing sales increased dramatically on an annualized basis over a year ago.  Overall, November 2012 new and existing unit sales were up 16.5 percent from a year ago.  The annual rate for November of 2012 was 5.598 million up from the 4.804 million recorded in November 2011.

December 17, 2012 – The REAL Trends Housing Market Report showed that the combination of new and existing home sales in November 2012 strengthened from the prior year.  The annualized rate of the combination of new and existing home sales increased to 5.598 million up from the 4.804 million recorded in November 2011.

The average price of homes sold in November 2012 was up 11.9 percent from the average price of homes sold in November 2011 marking the eighth consecutive month of increased home sale prices.

Housing unit sales for November 2012 were up 22.2 percent in the Midwest, the strongest showing in the country. The next highest region was the South where unit sales were up 21.3 percent, the West increased by 7.2 percent, and the Northeast region with an increase of 15.5 percent for the same period.

The average price of homes sold in November 2012 increased 11.9 percent across the country. The West had the best results with the average price of homes sold increasing 24.5 percent followed by the Midwest region at 8.8 percent. The South region showed an increase of 8.7 percent while the Northeast lagged with the average price of homes sold increasing by 5.8 percent.

National+16.5%                +11.9%                +23.3%                 +9.0%

South    +21.3%                +8.7%                   +25.8%                +6.2%

BC Cooper
BC Cooper
Broker Associate