Home | Newsletter | Advertise
loading...

Existing Home Sales Rise For Third Time in Four Months

  • February 22nd 2012

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Existing Home Sales Rise For Third Time in Four Months: Figure 1

The National Association of Realtors today announced that existing home sales across the country rose 4.3 percent between December 2011 and January 2012. Today’s news marks the third month in the past four months in which existing sales increased.

Unlike the pending sales index, which measures homes that have gone under contract but not yet closed, existing home sales consist of completed transactions from multiple listing services that include single-family homes, townhomes, condominiums and co-ops.

By region, sales rose 1 percent in the Midwest, 3.4 percent in the Northeast, 8.8 percent in the West and 3.5 percent in the South, where DC is located. Compared to January 2011, existing sales were up 0.7 percent nationally.

Unlike pending sales numbers, where contracts could fall through before the settlement date, today’s statistics can be seen as good news for the housing market considering that they track home sales that have closed.

See other articles related to: existing home sales, national association of realtors

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/existing_home_sales_rise_for_third_time/5178.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse