The National Association of Realtors has released the existing home sales numbers for the month of August. Here's how the numbers look in pictures.
Picture #1: Sales decreased in August, continuing the trend that started in the fall of 2005. August sales totaled 489,000 units, down 15% from the 575,000 units that sold in August of 2007.
Picture #2:The 15% volume decrease in August was the 13th straight month with a sales decrease of at least 10%. The trend toward fewer sales has moderated somewhat in recent months, with each of the last 5 months registering a volume decrease of under 20%.
Picture #3: Sales this past August were the lowest out of every August dating back through at least 1999.
Adding it all up: The housing market needs more buyers. Inventory will not decrease in a meaningful way until more buyers jump into the market.
Wow it's quite an impressive review regarding the August existing home sales decrease and graphical lots of points comes out in consideration the reason behind the home sales decrease..
Posted by: omaha houses for sale | March 21, 2011 at 07:23 AM