Steel Products
January 23, 2013
Existing Home Sales Slip Slightly in December but Rise for the Year
Written by Sandy Williams
Existing home sales slowed slightly in December but limited inventory is fueling price increases, according to the National Association of Realtors. December sales declined 1.0 percent to a seasonally adjusted annual rate of 4.94 million in December from a downwardly revised 4.99 million in November, but are 12.8 percent above the 4.38 million-unit level in December 2011.
The preliminary annual total for existing home sales in 2012 was 4.65 million, up 9.2 percent from 4.26 million in 2011 and at the highest level in five years.
