Friday, January 25, 2013

NAR: Existing home sales up 8.8 percent in U.S. West

The National Association of Realtors released new existing home sales data and median home price data today.


According to NAR's numbers, existing home sales in the US West region, which includes Colorado, were up 8.8 percent from December 2011 to December 2012. This is the smallest increase of the four regions measured. For example, home sales in the Midwest were up 15.5 percent during the same period.

Overall, there was growth in the region in home sales compared to last year, as can be seen in the first graph. Most of the sales growth appears to be in the Midwest and South.




NAR also released median home prices for each region. In the West region, the median home price increased 17.3 percent from December 2011 to December 2012. The median home price was $239,900 in the West region. In the metro Denver area, which has the highest metro-wide median home price, the median home price right now is in the $250,000-$260,000 range.

Nationwide, the median home price increased 11.5 percent from December 2011 to December 2012, according to NAR.