Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.
Existing home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.
Lawrence Yun, NAR chief economist, said sales are on an uptrend. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” he said. “The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level. The recovery will likely continue as job growth gains momentum and rising rents encourage more renters into ownership while exceptional affordability conditions remain.”
The national median existing-home price for all housing types was $168,800 in December, which is 1.0 percent below December 2009. Distressed homes rose to a 36 percent market share in December from 33 percent in November, and 32 percent in December 2009.
“The modest rise in distressed sales, which typically are discounted 10 to 15 percent relative to traditional homes, dampened the median price in December, but the flat price trend continues,” Yun explained.
Total housing inventory at the end of December fell 4.2 percent to 3.56 million existing homes available for sale, which represents an 8.1-month supply at the current sales pace, down from a 9.5-month supply in November.
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About Kim Gore
On this page I would like to tell you a little about myself and my family. I think it is important to know something about the person with whom you are considering working, so here goes!
My family consist of 4 boys and a husband. Our oldest son Ricky who is in college, and Cody our expert marksman. Rhett is our all around dude and Hunter our computer guru. Together we live on a small acreage on the outskirts of Gatesville, Texas.
Our neighbors tell us that they think we feed half the neighborhood. With four boys, who each seem to always have one or two friends over at the same time, there's always lots going on. In fact we probably could start our own basketball team!
One of the things we love to do as a family is hunt. Every year during deer season we usually bring home our limit. As a result our freezer is always full of venison. Another thing we love to do is water sports.
I have several personal hobbies. I like to run to keep in shape. I also like riding motorcycles.
Rick works for Curves and is a member of their hot air balloon team. On occasion I get a chance to tag along and help.
Well, these are some of the things I do in my spare time. However, most of my days are filled with helping people like you buy or sell their Houses, Ranches, or Land.
I have a genuine passion for Real Estate. I love it! And one of my great joys is helping others fulfill their dreams, which happens quite often when I am able to guide people through the process of selling and purchasing a new home or property.
I also work for a great Real Estate Broker - Legacy Approved Properties. They are professionals who have the knowledge and experience necessary and it gives me a lot of satisfaction to have their backing in the deals I make on behalf of my clients.
If I can be of any assistance in helping you with your present or future Real Estate needs, don't hesitate to give me a call. I'll work hard for you and not leave a stone unturned.
Making Every Effort To Exceed Your Expectations!
gorealestate1@gmail.com
Cell: 254-206-0915 begin_of_the_skype_highlighting 254-206-0915 end_of_the_skype_highlighting
Office: 254-223-0773
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