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National Association of Realtors January Numbers

posted by Stephen Katz @ 4:45 PM
Wednesday, February 23, 2011

Existing home sales moved up for a third month in a row in January as sales of bank-owned properties, investor purchases,  and all-cash transactions increased from December, according to the National Association of Realtors.

Sales of existing single-family homes, town-homes, condos and co-ops were up 2.7 percent from December, to a seasonally adjusted annual rate of 5.36 million properties, NAR said.

That’s up 5.3 percent from last year  — the first year-over-year increase in sales since last spring, when sales were pushed up by the national homebuyer tax credit.

At $158,800, the country’s median price for all housing types was down 3.7 percent from last year, with distressed homes accounting for 37 percent of all sales. The median price of a single-family home was down 2.7 percent, to $159,400.

Single-family existing-home sales and prices:

Metropolitan statistical area Median price Jan. 2010 Median price Jan. 2011 Annual change in price Annual change in sales
Atlanta 105,100 106,900 1.7% -6.3%
Baltimore 230,000 218,300 -5.1% 27.0%
Boston 343,700 334,400 -2.7% 7.2%
Cincinnati 113,900 110,500 -3.0% 5.9%
Dallas-Fort Worth 131,600 141,500 7.5% -7.7%
Houston 144,600 139,000 -3.9% 10.1%
Indianapolis 103,500 110,700 7.0% -3.1%
Kansas City 122,200 117,500 -3.8% 1.3%
Miami-Ft. Lauderdale 203,000 165,800 -18.3% 32.9%
Minneapolis-St. Paul 157,000 140,000 -10.8% 10.4%
New Orleans 152,900 143,200 -6.3% 23.2%
New York-Northern New Jersey-Long Island 384,600 381,200 -0.9% -5.0%
Philadelphia 207,700 208,500 0.4% -2.4%
Phoenix 137,900 126,900 -8.0% 12.3%
Portland 240,000 215,400 -10.3% 2.8%
San Antonio n/a n/a n/a n/a
San Diego 366,800 370,100 0.9% -1.1%
St. Louis 100,000 105,300 5.3% 3.1%
Washington, DC 285,600 292,600 2.5% -5.5%
U.S. 163,800 159,400 -2.7% 3.3%

Stephen Katz

(770) 309-0939 (direct) or (866) 742-8400 -- For the past 18 years, Stephen Katz has built a successful business almost entirely on referrals. As your mortgage consultant throughout the home loan process, Stephen will explain the pros and cons of all available mortgage programs and help you choose the financing option that is best suited to your needs. Throughout the loan process, he will keep you informed and will respond quickly to your requests with answers and solutions. Consistently a top producer, Stephen is a Mortgage Bankers Association "Diamond" Award winner, a Georgia Mortgage "Top Gun" and has closed almost half a billion dollars in loans. Put his knowledge and experience to work for you!

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