National Home Sales Numbers

I have had a lot of requests from people saying that they love it when I put different kinds of numbers and statistics up. So, here are some more that I have come across. Only these are national statistics.

Existing home sales in November-including single family homes, townhomes, condo's and co-op's fell 8.6% to 4.49 million units sold. Year to date, existing home sales are down 10.6% from the same time last year where there were 5.02 million units sold.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed rate mortgage fell to 6.09% in November which is down from the October rate of 6.2%. Last November the rate was 6.21%. Last week, Freddie Mac reported the 30 year rate fell to 5.19%-the lowest on record since the they started keeping track of this statistic in 1971. (that was when I posted saying that you might want to refi your existing mortgage).

Total housing inventory at the end of November rose 0.1% to 4.20 million existing homes available and on the market for sale, which represents an 11.2 month supply at the current sales pace. This is up from a 10.3 month supply in October.

The national median existing-home price for all housing types was $181,300 in November, down 13.2% from November of 2007 when the median was $208,800. This number is continuing downward due to the number of houses in foreclosure.

Existing home sales in the Northeast dropped 12.0% in November and are down 18% against last November. In the Midwest, sales declined 7.4% in November and is down 16.0% against last November. The median price in the midwest was $142,400 down 11.2% from a year ago. In the south, November was down 10.9% and are down 17.6% against last November. Existing home sales in the west were down 4.3% in November but are down 17.9% against last November.

Hopefully this scratches your itch for numbers for this week :)