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Reference

Existing home inventory raw data

This page contains the clippings from which US existing home inventory data were sourced.

Summary

See graphs on Inventory of existing US homes.

Regarding earlier data, note the 10 months of supply in Aug 2008 was “the highest since record keeping began in 1999”.

See also

Clippings below were used in the construction of this page

Jan 2003 2.3m, 4.5mo

4 Mar 2003. Boston/SF.

link

“Existing-Home Sales Hit New Record in January Says NAR”

“Housing inventory levels increased 6.6 percent at the end of January with 2.27 million existing homes available for sale, which represents a 4.5-month supply at the current sales pace”

Feb 2003 4.4mo

[The short Google quote from a pay-per-view article says 4.4 month supply.]

[Interpolation suggest Feb was about 2.2m.]

Mar 2003 5.0mo

[The short Google quote from a pay-per-view article says 5.0 month supply.]

[Clipping below implies March was 2.22m.]

Apr 2003 2.5m, 5.1mo

27 May 2003. Dayton Business Journal

http://www.bizjournals.com/dayton/stories/2003/05/26/daily7.html

“Existing home sales increase”

“Housing inventory levels at the end of April increased 10.3 percent from March to a total of 2.47 million existing homes available for sale, which represents a 5.1-month supply of existing homes for sale at the current sales pace. ”

May 2003 2.3m, 4.7mo

25 Jun 2003. USA Today.

http://www.usatoday.com/money/economy/housing/2003-06-25-homes_x.htm

“New-home sales hit record pace in May”

“Inventory levels at the end of May fell 7.6% from April to a total of 2.30 million existing homes available for sale, or a 4.7 month supply at the current sales pace.”

Jun 2003 2.5m, 5.1mo

28 Jul 2003. RealtyTimes.

http://realtytimes.com/rtpages/20030728_housing.htm

“Housing Sales Ease To Still-Strong Levels, Says NAR”

“Housing inventory levels improved at the end of June and rose 5.9 percent from May to a total of 2.50 million existing homes available for sale, which represents a 5.1-month supply at the current sales pace.”

Jul 2003 2.4m, 4.7mo

25 Aug 2003. Ocala Star-Banner.

http://news.google.com/newspapers?id=wnoqAAAAIBAJ&sjid=GFQEAAAAIBAJ&pg=2022,6658881&dq=existing+home+inventory&hl=en

“July existing home sales smash record”

“Housing inventory levels at the end of July dropped 4.4 percent from June to a total of 2.39 million existing homes available for sale, which represents a 4.7-month supply at current sales pace.”

Aug 2003 2.5m, 4.6mo

30 Sep 2003. RealtyTimes.

http://realtytimes.com/rtpages/20030930_record.htm

“August Existing Home Sales Sets Record, Says The National Association Of Realtors”

“Housing inventory levels at the end of August rose 4.2 percent from July to a total of 2.46 million existing homes available for sale, which represents a 4.6-month supply at the current sales pace.”

Sep 2003 2.4m, 4.3mo

27 Oct 2003. Business Wire, via Goliath.

http://goliath.ecnext.com/coms2/gi_0199-3390790/September-Existing-Home-Sales-Set.html

“September Existing-Home Sales Set Another Record - NAR.”

“Housing inventory levels at the end of September dropped 1.2 percent from August to a total of 2.40 million existing homes available for sale, which represents a 4.3-month supply at the current sales pace.”

Oct 2003 2.5m, 4.6mo

26 Nov 2003. RealtyTimes.

http://realtytimes.com/rtpages/20031126_octsales.htm

“October Existing-Home Sales Soften, Still In Record Territory, Says NAR”

“Housing inventory at the end of October improved slightly, rising 2.5 percent from September to a total of 2.46 million existing homes available for sale, which represents a 4.6-month supply at the current sales pace.”

Dec 2003 2.3m, 4.3mo; Nov 2.5m, 5.0mo

26 Jan 2004. Business Wire via FindArticles

http://findarticles.com/p/articles/mi_m0EIN/is_2004_Jan_26/ai_112549712/

“Existing-Home Sales End 2003 on Strong Note, Set Annual Record - NAR”

“Existing-home sales increased 6.9 percent in December …

Housing inventory levels fell 7.3 percent at the end of December with 2.30 million existing homes available for sale, which represents a 4.3-month supply at the current sales pace.”

[So November inventory was 2.5m. And since the sales rate was up 7%, months of supply in November was 5.0 months.]

Feb 2.3m, 4.6mo; Jan 2.2m, 4.4mo

26 Mar 2004. RisMedia.

http://rismedia.com/2004-03-26/existing-home-sales-rise-in-february-nar-reports/

“Existing-Home Sales Rise in February, NAR Reports”

“Housing inventory levels rose 5.9 percent at the end of February with 2.33 million existing homes available for sale, which represents a 4.6-month supply at the current sales pace. In January there was a 4.4-month supply of homes on the market.”

Mar 2004, 2.4m, 4.4mo

1 May 2004. Tuscaloosa News.

http://news.google.com/newspapers?id=_EogAAAAIBAJ&sjid=e6YEAAAAIBAJ&pg=4203,395917&dq=existing+home+inventory&hl=en

“Existing home sales rise to second highest place on record”

“Housing inventory levels at the end of March rose 4.8 percent from February to a total of 2.39 million existing homes available for sale, which represents a 4.4 month supply”

Apr 2004, 2.6m, 4.6mo

26 May 2004. RealtyTimes.

http://realtytimes.com/rtpages/20040526_aprilhomesales.htm

“April Existing-Home Sales Just Shy of Record”

“Housing inventory levels at the end of April rose 9.4 percent from March to 2.57 million existing homes available for sale, which represents a 4.6-month supply at the current sales pace. ”

May 2004, 2.4m, 4.2mo

28 Jun 2004. RealtyTimes.

http://realtytimes.com/rtpages/20040628_homesales.htm

“Existing Home Sales In May Breaks Record, Says NAR”

“Housing inventory levels at the end of May rose 0.8 percent from April to a total of 2.38 million existing homes available for sale, which represents a 4.2-month supply at the current sales pace.”

Jun, Jul 2004 2.4m 4.3mo

27 Sep 2004. Realtytimes.

http://realtytimes.com/rtnews/reu2pages/20040927_julysales.htm?open&Vol=64&ID=paulawest%22

“July Existing Homes Sales Off Slightly From Record, Says NAR”

“Housing inventory levels at the end of July were unchanged from June at 2.40 million existing homes available for sale, which represents a 4.3-month supply at the current sales pace. ”

Aug 2004 2.4m 4.5mo

(Google snippet of a pay-per-view article from the 26 Oct 2004 issue of the LA Times:)

“The number of homes available for sale at the current pace fell to a 4.4-month supply from 4.5 months in August”

[and see next clipping below]

Sep 2004 2.5m, 4.4mo

25 Oct 2004. Inside Indiana Business.

http://www.insideindianabusiness.com/newsitem.asp?id=12114

“U.S. Existing Home Sales Rebound in September”

“Housing inventory levels at the end of September rose 0.4 percent from August to a total of 2.45 million existing homes available for sale, which represents a 4.4-month supply at the current sales pace.”

[So 2.4m in August]

Oct 2004 2.4m, 4.3mo

24 Nov 2004. Realty Times.

http://realtytimes.com/rtnews/reu2pages/20041124_octobersales.htm?open&Vol=67&ID=kathyryan

“October Existing-Home Sales Sustain Strength, Says NAR”

“Housing inventory at the end of October improved slightly, rising 0.4 percent from September to a total of 2.40 million existing homes available for sale, which represents a 4.3-month supply at the current sales pace.”

Nov 2004 2.5m, 4.3mo

30 Dec 2004. Realty Times.

http://realtytimes.com/rtpages/20041230_homesales.htm

“Existing-Home Sales Hit Record In November”

“Housing inventory levels at the end of November rose 2.1 percent from October to a total of 2.48 million existing homes available for sale, which represents a 4.3-month supply at the current sales pace.”

[So October was 2.43m]

Dec 2004 2.2m, 3.9mo

25 Jan 2005. CNNMoney.com

http://money.cnn.com/2005/01/25/news/economy/homesales/

“Record home sales in '04”

“The NAR's report found 2.2 million homes available for sale, or about a 3.9 month supply based on current sales pace.”

Feb 2005 2.4m, 4.2mo

23 Mar 2005. Marketwatch.

http://www.marketwatch.com/story/us-existing-home-sales-down-slightly-in-feb

“Existing home sales slip in Feb. By Greg Robb”

“Inventories rose 10.7 percent to 2.38 million units, representing a 4.2-month supply. This is up from a record low 3.8-month supply in January. ”

[So Jan was 2.15m, 3.8mo]

Mar 2005 2.4m, 4.0mo

25 Apr 2005. CNN Money

http://money.cnn.com/2005/04/25/news/economy/homesales/

“Continued housing strength seen”

“The months' supply of home fell to 4.0 months from 4.1 months the previous month.”

[2.4m is deduced from the following month's absolute and increase data.]

Apr 2005 2.5m, 4.2mo

25 May 2005. Realty Times.

http://realtytimes.com/rtnews/reu2pages/20050525_homesales.htm?open&Vol=41&ID=mariewalton

“Existing Home Sales Hit Record in April, Says NAR”

“Total housing inventory levels rose 5.0 percent at the end of April to 2.48 million existing homes available for sale, which represents a 4.2 month supply at the current sales pace.”

May 2005 -- no report

[All the news reports have the same facts, which do not include inventory. Presumably NAR did not include May inventory in their Jun 2005 press release. I have interpolated in the data table above.]

Jun 2005 2.7m, 4.3mo

25 Jul 2005. Marketwatch.

http://www.marketwatch.com/story/us-existing-home-sales-set-record-pace-in-june?siteid=google

“Existing-home sales at record pace. By Rex Nutting”

“The inventory of unsold homes rose 3.8% to 2.653 million, a 4.3-month supply at the current sales rate.”

Jul 2005 2.8m, 4.6mo

23 Aug 2005. Marketwatch.

http://www.marketwatch.com/story/us-july-existing-home-sales-fall-26-to-716m?siteid=google

“Existing home sales dip to 7.16 million. By Rex Nutting”

“Inventories of homes for sale rose 2.6% in July to 2.751 million, a 4.6-month supply at the current sales pace.”

Aug 2005 2.9m, 4.7mo

26 Sep 2010. Fox News.

http://www.foxnews.com/story/0,2933,170164,00.html

“Existing Home Sales Rose in August”

“The inventory of homes available for sale rose 3.5 percent to 2.86 million existing homes. August's level equates to 4.7 months' supply at the current sales pace.”

Sep 2005 2.9m

25 Oct 2005. Bloomberg.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azfYD1UyWs08&refer=us

“U.S. Economy: Confidence Falls, Home Sales Unchanged (Update2). By Victor Epstein and Courtney Schlisserman”

“The supply of unsold homes rose to 2.85 million.”

Sep 2005 4.7mo

27 Oct 2005. US News.

http://www.usnews.com/usnews/biztech/buzz/archive/buzz051027.htm

“Bubble springs a leak. Paul J. Lim”

“The inventory of existing homes is also at a recent high of 4.7 months.”

Oct 2005 2.9m, 4.9mo

Nov 2005. Legg Mason commentary.

http://www.lmcm.com/pdf/MonthEndCom/2005-11-Commentary.pdf

“Month-end commentary”

“Existing home sales dropped 2.7% in October, according to the National Association of Realtors, with the inventory of unsold homes rising 3.5% to 2.9 million, the highest in nearly 20 years. That sounds worse than it is, since the selling rate for homes is a good bit higher now than it was 20 years ago. Still, the implied 4.9 month supply of unsold homes is the highest in more than 2 years.”

Nov 2005 2.9m, 5.0mo

29 Dec 2005. Marketwatch.

http://www.marketwatch.com/story/us-existing-home-sales-ease-in-november?siteid=google

“Existing U.S. home sales ease 1.7%”

“Inventories of unsold homes increased 1.2% to 2.90 million, the most since April 1986. It represents a 5-month supply at the November sales pace, the most since June 2003.”

Dec 2005, 2.8m, 5.1mo

24 Jan 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/01/decehs05

“Existing-Home Sales Down in December But 2005 Sets a Record”

“Total housing inventory levels declined 4.4 percent at the end of December to 2.80 million existing homes available for sale, which represents a 5.1-month supply at the current sales pace.”

Jan 2006, 2.9m, 5.3mo

27 Feb 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/02/janehs06

“January Existing-Home Sales Ease”

“Total housing inventory levels rose 2.4 percent at the end of January to 2.91 million existing homes available for sale, which represents a 5.3-month supply at the current sales pace.”

Feb 2006, 3.0m, 5.3mo

22 Mar 2006. NAR press release

http://www.realtor.org/press_room/news_releases/2006/03/ehsfeb06

“Existing-Home Sales Rebound in February, Market Stabilizing”

“Total housing inventory levels rose 5.2 percent at the end of February to 3.03 million existing homes available for sale, which represents a 5.3-month supply at the current sales pace”

Mar 2006, 3.2m, 5.5mo

25 Apr 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/04/marchehs06

“Existing-Home Sales Rise Again in March”

“Total housing inventory levels rose 7.0 percent at the end of March to 3.19 million existing homes available for sale, which represents a 5.5-month supply at the current sales pace.”

Apr 2006, 3.4m, 6.0mo

25 May 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/05/ehs06april

“Existing-Home Sales Slip in April”

“Total housing inventory levels rose 5.8 percent at the end of April to 3.38 million existing homes available for sale, which represents a 6.0-month supply at the current sales pace.”

May 2006, 3.6m, 6.5mo

27 Jun 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/06/existinghmsaleseasemay06

“Existing-Home Sales Ease In May”

“Total housing inventory levels rose 5.5 percent at the end of May to 3.60 million existing homes available for sale, which represents a 6.5-month supply at the current sales pace.”

Jun 2006, 3.7m, 6.8mo

25 Jul 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/07/06juneehs

“Existing-Home Sales Flattening, Prices Cooling”

“Total housing inventory levels rose 3.8 percent at the end of June to 3.73 million existing homes available for sale, which represents a 6.8-month supply at the current sales pace.”

Jul 2006, 3.9m, 7.3mo

23 Aug 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/08/ehsjuly07

“Existing-Home Sales Down With Softening Prices”

“Total housing inventory levels rose 3.2 percent at the end of July to 3.86 million existing homes available for sale, which represents a 7.3-month supply at the current sales pace.”

Aug 2006, 3.9m, 7.5mo

25 Sep 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/09/ehs_aug06_existing_home_sales_holding

“Existing-Home Sales Holding At A Sustainable Pace”

“Total housing inventory levels rose 1.5 percent at the end of August to 3.92 million existing homes available for sale, which represents a 7.5-month supply at the current sales pace – the highest supply since April 1993.”

Sep 2006, 3.8m, 7.3mo

25 Oct 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/10/ehs_sept06_existing_home_sales_ease

“September Existing-Home Sales Ease, Setting Stage for Stable Market”

“Total housing inventory levels fell 2.4 percent at the end of September to 3.75 million existing homes available for sale, which represents a 7.3-month supply at the current sales pace.”

Oct 2006, 3.9m, 7.4mo

28 Nov 2006. AP on Yahoo.com.

“By Martin Crutsinger”

“The inventory of unsold homes rose by 1.9 percent in October to 3.85 million units, the second highest total on record. It would take 7.4 months to exhaust the backlog of unsold homes at the October sales pace.”

Nov 2006, 3.8m, 7.3mo

27 Dec 2006. NAR press release.

http://www.realtor.org/press_room/news_releases/2006/12/ehs_dec06_november_existing_home_sales_rise

“November Existing-Home Sales Rise Again”

“Total housing inventory levels fell 1.0 percent at the end of November to 3.82 million existing homes available for sale, which represents a 7.3-month supply at the current sales pace.”

Dec 2006 3.5m, 6.8mo

25 Jan 2007. CNNMoney.

“By Chris Isidore”

“The supply of homes on the market was 3.5 million in December, down 7.9 percent from November, although that was still 23 percent above the year-earlier levels. The group estimates that inventory of homes on the market represents a 6.8-month supply, down from a 7.3-month supply in the November reading.”

Jan 2007 3.6m, 6.6mo

27 Feb 2007. NAR via Calculated Risk.

http://www.calculatedriskblog.com/2007/02/january-existing-home-sales.html

“January Existing Home Sales. by CalculatedRisk”

“Total housing inventory levels rose 2.9 percent at the end of January to 3.55 million existing homes available for sale, which represents a 6.6-month supply at the current sales pace – unchanged from the revised December level.”

Feb 2007 3.8m, 6.7mo

23 Mar 2007. NAR via Calculated Risk.

http://www.calculatedriskblog.com/2007/03/february-existing-home-sales.html

“February Existing Home Sales. by CalculatedRisk”

“Total housing inventory levels rose 5.9 percent at the end of February to 3.75 million existing homes available for sale, which represents a 6.7-month supply at the current sales pace compared with a 6.6-month supply in January.”

Mar 2007 3.7m, 7.3mo

24 Apr 2007. CNN Money.

http://money.cnn.com/2007/04/24/news/economy/home_sales/index.htm

“Home sales: Worst drop in 18 years. By Chris Isidore”

“home inventories shrank 1.6 percent last month from February and are now down about 3 percent from the record highs hit last July, they're still up 17 percent from a year ago.

Even with that recent dip, the weaker sales mean that it would still take 7.3 months to work off the supply of houses on the market, up from 6.8 months in February.”

Apr 2007 4.2m, 8.4mo

25 May 2007. NY Times.

http://www.nytimes.com/2007/05/26/business/26econ.html

“inventories grew to the largest supply in 15 years — 8.4 months’ worth

The Realtors association reported 4.2 million existing homes on the market at the end of April.”

May 2007 4.4m 8.9mo

25 Jun 2007. CNN Money.

http://money.cnn.com/2007/06/25/news/economy/existing_home_sales/index.htm

“Weakest home sales in 4 years. By Chris Isidore”

“The glut of homes for sale on the market rose 5 percent from April to 4.4 million homes, leaving an 8.9-month supply of homes for sale on the market.”

Jun 2007 4.2m, 8.8mo

25 Jul 2007. NAR via Calculated Risk.

http://www.calculatedriskblog.com/2007/07/june-existing-home-sales.html

“June Existing Home Sales. by CalculatedRisk”

“Total housing inventory fell 4.2 percent at the end of June to 4.20 million existing homes available for sale, which represents an 8.8-month supply at the current sales pace”

Jul 2007 4.6m, 9.2mo

27 Aug 2007. AP on Forbes.com

“Home Sales Hit Slowest Pace in 5 Years. By MARTIN CRUTSINGER”

“inventory of unsold homes which rose by 5.1 percent to a record level of 4.59 million homes. Based on the July sales pace, it would take 9.2 months to exhaust the number of single-family homes on the market, the highest level in nearly 16 years, and 11.9 months to exhaust the level of condominiums on the market. The months supply of condos sitting on the market is 45.1 percent higher than a year ago.”

Aug 2007 4.6m, 10mo

25 Sep 2007. Bloomberg.com.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a80Yqs4hl.Gc&refer=home

“U.S. Economy: Consumer Confidence Slumps, Home Sales Decline. By Shobhana Chandra and Bob Willis”

“The supply of homes for sale at the end of the month rose to 4.58 million, the most ever. At the current sales pace, that represented 10 months' worth, the highest since record keeping began in 1999 and up from 9.5 months' at the end of August. Existing homes account for about 85 percent of the market.”

Sep 2007 4.4m, 10.5mo

24 Oct 2007. Bloomberg.com.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aW5GnFnGiKj8&refer=home

“U.S. Economy: Existing Home Sales Tumble 8 Percent (Update1). By Bob Willis”

“The number of homes for sale at the end of the month rose to 4.4 million. At the current sales pace, that represented 10.5 months' supply, the highest since record keeping began in 1999 and up from 9.6 months in August. The inventory of single-family homes represented a 10.2 months' supply, the most since February 1988.”

Oct 2007 4.5m, 10.8mo

28 Nov 2007. Marketwatch.com.

http://www.marketwatch.com/news/story/supply-homes-market-22-year-high/story.aspx?guid=%7B6774FAFE%2DFDF6%2D4C70%2DB1D0%2D55A7709ED89E%7D

“Supply of homes on market at 22-year high. Rex Nutting”

“The inventory of unsold homes rose by 1.9% to 4.45 million, representing a 10.8 month supply, the highest since 1999. For single-family homes alone, the inventory of 10.5 months is the highest since July 1985.”

Nov 2007 4.3m, 10.3mo

31 Dec 2007. Bloomberg.com.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aT6ITat5PVWQ&refer=home

“U.S. Economy: Existing-Home Sales Unexpectedly Rise (Update1). By Shobhana Chandra and Bob Willis”

“The number of homes for sale at the end of [Nov] fell 3.6 percent to 4.27 million. At the current sales pace, that represented 10.3 months' supply, compared with 10.7 months in October.”

Dec 2007 3.9m, 9.6mo

24 Jan 2008. Bloomberg.com.

http://www.bloomberg.com/apps/news?pid=20601087&sid=arNZzN9Mq7Tw&refer=home

“U.S. Economy: Existing Home Sales Fall, Prices Drop First Time. By Courtney Schlisserman”

“The number of homes for sale at the end of December fell 7.4 percent to 3.91 million. At the current sales pace, that represented 9.6 months' supply, down from 10.1 months in November.”

Jan 2008 4.2m, 10.3mo

25 Feb 2008. Marketwatch.com.

http://www.marketwatch.com/news/story/home-resales-dip-04-inventories/story.aspx?guid=%7BE32F9533%2DEF9D%2D401D%2DBF60%2D487034CEA51B%7D

“Home resales slip 0.4% in Jan. as inventories climb. By Rex Nutting”

“The inventory of homes on the market rose 5.5% to 4.19 million, representing a 10.3-month supply at the January sales pace. The inventory rose 18.4% compared with January 2007.”

Feb 2008 4.0m, 9.6mo

24 Mar 2008. NAR website.

http://www.realtor.org/press_room/news_releases/2008/existing_home_sales_rise_in_february.html (no longer an active link)

“Existing Home Sales Rise In February”

“Total housing inventory fell 3.0 percent at the end of February to 4.03 million existing homes available for sale, which represents a 9.6-month supply at the current sales pace, down from a 10.2-month supply in January.”

Mar 2008 4.1m, 9.9mo

22 Apr 2008. NAR.

http://www.realtor.org/press_room/news_releases/2008/existing_home_sales_slip_in_march.html

“Existing-Home Sales Slip in March”

“Total housing inventory rose 1.0 percent at the end of March percent to 4.06 million existing homes available for sale, which represents a 9.9-month supply at the current sales pace, up from a 9.6-month supply in February.”

Apr 2008 4.6m, 11.2 mo

23 May 2008. NAR web site.

http://www.realtor.org/press_room/news_releases/2008/ehs_april08_ease

“Existing-Home Sales Ease Due to Mortgage Restrictions”

“Total housing inventory at the end of April rose 10.5 percent to 4.55 million existing homes available for sale, which represents an 11.2-month supply at the current sales pace, up from a 10.0-month supply in March.”

May 2008 4.5m 10.8mo

26 Jun 2008. NAR press release.

http://www.realtor.org/press_room/news_releases/2008/may_home_sales_show_gain

“May Existing-Home Sales Show Modest Gain”

“Total housing inventory at the end of May fell 1.4 percent to 4.49 million existing homes available for sale, which represents a 10.8-month supply at the current sales pace, down from a 11.2-month supply in April.”

Jun 2008 4.5m, 11.1 mo

24 Jul 2008. NAR website.

http://www.realtor.org/press_room/news_releases/2008/ehs_down_in_june

“Existing-Home Sales Down In June”

“Total housing inventory at the end of June rose 0.2 percent to 4.49 million existing homes available for sale, which represents an 11.1.-month supply at the current sales pace, up from a 10.8-month supply in May.”

Jul 2008 4.7m, 11.2 months

25 Aug 2008. Calculated Risk

http://calculatedrisk.blogspot.com/2008/08/july-existing-home-sales-record.html

“July Existing Home Sales: Record Inventory. by CalculatedRisk”

“According to NAR, inventory increased to an all time record 4.67 million homes for sale in July. … Months of supply increased to 11.2 months.”

Aug 2008 4.3m, 10.4mo

24 Sep 2008. NAR press release.

http://www.realtor.org/press_room/news_releases/2008/ehs_tight_mortgage_slide

“Existing-Home Sales Slide on Tight Mortgage Availability”

“Total housing inventory at the end of August fell 7.0 percent to 4.26 million existing homes available for sale, which represents a 10.4-month supply at the current sales pace, down from a revised 10.9-month supply in July.”

Sep 4.3m, 9.9mo

24 Oct 2008. NAR press release.

http://www.realtor.org/press_room/news_releases/2008/ehs_rise_on_affordability

“Existing-Home Sales Rise on Improved Affordability”

“Total housing inventory at the end of September fell 1.6 percent to 4.27 million existing homes available for sale, which represents a 9.9-month supply² at the current sales pace, down from a 10.6-month supply in August. This marks two consecutive monthly declines since inventories peaked in July.”

Oct 2008 4.2m, 10.2mo

24 Nov 2008. NAR press release.

http://www.realtor.org/press_room/news_releases/2008/ehs_soften_on_economic_volatility

“Existing-Home Sales Soften on Economic Volatility”

“Total housing inventory at the end of October slipped 0.9 percent to 4.23 million existing homes available for sale, which represents a 10.2-month supply at the current sales pace, up from a 10.0-month supply in September.”

Jan 2004 to Oct 2008

24 Nov 2008. Data 360

http://www.data360.org/dataset.aspx?Data_Set_Id=9355&magnitude=hide and

http://www.data360.org/dataset.aspx?Data_Set_Id=9676&magnitude=hide

Sales rate, SAAR, millions

Jan-2004  	6.78
Feb-2004 	6.78
Mar-2004 	6.78
Apr-2004 	6.78
May-2004 	6.78
Jun-2004 	6.78
Jul-2004 	6.78
Aug-2004 	6.78
Sep-2004 	6.78
Oct-2004 	6.78
Nov-2004 	6.78
Dec-2004 	6.78
Jan-2005 	7.08
Feb-2005 	7.08
Mar-2005 	7.08
Apr-2005 	7.08
May-2005 	7.08
Jun-2005 	7.08
Jul-2005 	7.08
Aug-2005 	7.08
Sep-2005 	7.08
Oct-2005 	7.08
Nov-2005 	7.08
Dec-2005 	7.08
Jan-2006 	6.48
Feb-2006 	6.48
Mar-2006 	6.48
Apr-2006 	6.71
May-2006 	6.68
Jun-2006 	6.49
Jul-2006 	6.32
Aug-2006 	6.31
Sep-2006 	6.23
Oct-2006 	6.27
Nov-2006 	6.25
Dec-2006 	6.27
Jan-2007 	6.44
Feb-2007 	6.68
Mar-2007 	6.11
Apr-2007 	5.93
May-2007 	5.93
Jun-2007 	5.75
Jul-2007 	5.76
Aug-2007 	5.50
Sep-2007 	5.11
Oct-2007 	5.06
Nov-2007 	5.02
Dec-2007 	4.91
Jan-2008 	4.89
Feb-2008 	5.03
Mar-2008 	4.94
Apr-2008 	4.89
May-2008 	4.99
Jun-2008 	4.85
Jul-2008 	5.02
Aug-2008 	4.91
Sep-2008 	5.14
Oct-2008 	4.98

Nov 2008 4.2m, 11.2mo

23 Dec 2008. Calculated Risk.

http://www.calculatedriskblog.com/2008/12/existing-home-sales-plunge-in-november.html

“Existing Home Sales Plunge in November. by CalculatedRisk”

“According to NAR, inventory increased slightly to 4.20 million in November, from an all time record of 4.57 million homes for sale in July. … The third graph shows the 'months of supply' metric for the last six years. Months of supply increased to 11.2 months. This follows the highest year end months of supply since 1982 (the all time record of 11.5 months of supply).”

Dec 2008 3.7m, 9.3mo

26 Jan 2009. NAR press release.

http://www.realtor.org/press_room/news_releases/2009/01/ehs_shows_strong_gain

“Total housing inventory at the end of December fell 11.7 percent to 3.68 million existing homes available for sale, which represents a 9.3-month supply at the current sales pace, down from a 11.2-month supply in November”

Jan 2009 3.6m, 9.6mo

25 Feb 2009. NAR press release.

http://www.realtor.org/press_room/news_releases/2009/02/january_ehs_inventory

“January Existing-Home Sales Fall, Inventory Down”

“Total housing inventory at the end of January fell 2.7 percent to 3.60 million existing homes available for sale, which represents a 9.6-month supply at the current sales pace. Because sales were down, the January supply is up from a 9.4-month supply in December.”

Feb 2009 3.8m, 9.7mo

23 Mar 2009. Forbes

http://www.forbes.com/feeds/afx/2009/03/23/afx6199730.html

“US ECON: Feb Existing Home Sales Up 5.1% to 4.72 Mln Units”

“Inventories of existing homes for sale rose 5.2% in February to 3.8 mln homes. At the current sales pace, there is a 9.7 month supply of existing homes, unchanged from January. ”

Mar 2009 3.7m, 9.8mo

23 Apr 2009. CNN Money.

http://money.cnn.com/2009/04/23/real_estate/existing_home_sales/index.htm

“Hope seen, despite home sales downturn. By Ben Rooney”

“The total number of existing homes on the market at the end of March fell 1.6% to 3.74 million units. At the current sales pace, it would take an estimated 9.8 months to sell that inventory of properties.”

Apr 2009 4.0m, 10.2mo

27 May 2009. NAR press release.

http://www.realtor.org/press_room/news_releases/2009/05/ehs_rise

“Existing-Home Sales Rise in April”

“Total housing inventory at the end of April rose 8.8 percent to 3.97 million existing homes available for sale, which represents a 10.2.-month supply at the current sales pace”

May 2009 3.8m, 9.6mo

23 Jun 2009. NAR press release.

http://www.realtor.org/press_room/news_releases/2009/06/ehs_continue

“Existing-Home Sales Continue Rising Trend”

“Total housing inventory at the end of May fell 3.5 percent to 3.80 million existing homes available for sale, which represents a 9.6-month supply”

Jun 2009 3.8m, 9.4mo

23 Jul 2009. NAR press release.

http://realtorbenefits.org/press_room/news_releases/2009/07/sales_up

“Existing-Home Sales Up Again”

“Total housing inventory at the end of June fell 0.7 percent to 3.82 million existing homes available for sale, which represents a 9.4-month supply at the current sales pace”

Jul 2009 4.1m, 9.4mo

21 Aug 2009. NAR via Calculated Risk.

http://www.calculatedriskblog.com/2009/08/existing-home-sales-increase-in-july.html

“Existing Home Sales increase in July. by CalculatedRisk”

“Total housing inventory at the end of July rose 7.3 percent to 4.09 million existing homes available for sale, which represents a 9.4-month supply at the current sales pace, which was unchanged from June because of the strong sales gain. ”

Aug 2009 3.6m, 8.5mo

24 Sep 2009. CNN Money.

http://money.cnn.com/2009/09/24/real_estate/existing_home_sales/

“Existing home sales slide unexpectedly. By Julianne Pepitone”

“Total housing inventory fell by 10.8% to 3.62 million existing homes for sale. That's an 8.5-month supply”

Sep 2009 3.6m, 7.8mo

23 Oct 2009. Econoday.

http://mam.econoday.com/byshoweventfull.asp?fid=438269&cust=mam#top

“Existing home sales”

“Supply on the market fell back sharply which is very good news, down 7.5 percent in the month to 3.63 million units for the lowest level in 2-1/2 years. Supply at the latest sales rate fell to 7.8 months, down from 9.3 months and vs. 10.1 months a year ago.”

Oct 2009 3.6m, 7.0mo

23 Nov 2009. CNN Money.

http://money.cnn.com/2009/11/23/real_estate/existing_home_sales/

“Existing home sales at highest level since 2007. By Julianne Pepitone”

“Total housing inventory fell 3.7% to 3.57 million existing homes for sale. That's a 7-month supply, down from an 8-month supply in September.”

Nov 2009 3.5m, 6.5mo

23 Dec 2009. Washington Post.

http://www.washingtonpost.com/wp-dyn/content/article/2009/12/22/AR2009122203347.html

“November existing-home sales surge. By Dina ElBoghdady and Neil Irwin”

“The supply of existing homes for sale at the end of November declined 1.3 percent to 3.52 million. If sales were to continue at the current pace, there would be a 6.5-month supply of existing homes on the market, down from a seven-month supply in October.”

Dec 2009 3.3m, 7.2mo

25 Jan 2010. CNN Money.

http://money.cnn.com/2010/01/25/real_estate/existing_home_sales/index.htm

“Existing home sales sink 16.7%. By Julianne Pepitone”

“Total housing inventory fell 6.6% to 3.29 million existing homes for sale. That's a 7.2-month supply at the current selling pace, up from a 6.5-month supply in November.”

Jan 2010 3.3m, 7.8mo

26 Feb 2010. NAR press release.

http://www.realtor.org/press_room/news_releases/2010/02/ehs_january2010

“Existing-Home Sales Down in January but Higher than a Year Ago; Prices Steady”

“Total housing inventory at the end of January fell 0.5 percent to 3.27 million existing homes available for sale, which represents a 7.8-month supply at the current sales pace”

Feb 2010 3.6m, 8.6mo

23 Mar 2010. Reuters.

http://www.reuters.com/article/idUSTRE62M2XC20100323

“Home sales dip, credit-related surge eyed. By Lucia Mutikani”

“the inventory of existing homes for sale jumped 9.5 percent to 3.59 million units. That represented 8.6 months' worth of supply”

Mar 2010 3.6m, 8.0mo

22 Apr 2010. Economic Populist.

http://www.economicpopulist.org/content/existing-home-sales-68-march-2010

“Existing Home Sales - up 6.8% for March 2010. by Robert Oak”

“Total housing inventory at the end of March rose 1.5 percent to 3.58 million existing homes available for sale, which represents an 8.0-month supply”

Apr 2010 4.0m, 8.4mo

24 May 2010. Reuters.

http://www.reuters.com/article/idUSTRE63F2NT20100524

“Tax credit boosts home sales, but supply also up”

“the inventory of existing homes for sale in April jumped 11.5 percent to 4.04 million units, the highest since July. At April's sales pace, that represented a supply of 8.4 months”

May 2010 3.9m, 8.3mo

22 Jun 2010. The Big Picture.

http://www.ritholtz.com/blog/2010/06/existing-home-sales-slide/

“Existing Home Sales Slide 2.2%. By Barry Ritholtz ”

“The existing supply of homes for sale is 3.89 million units, an 8.3-month supply”

Jun 2010 3.9m, 8.9mo

22 Jul 2010. Housing Wire.

http://www.housingwire.com/2010/07/22/existing-home-sales-drop-5-1-in-june-as-%E2%80%98spring-surge%E2%80%99-slows-nar

“Existing Home Sales Drop 5.1% in June as ‘Spring Surge’ Slows: NAR. by JON PRIOR”

“The total housing inventory climbed 2.5% from May to 3.9m existing homes still set to sell. It represents a 8.9-month supply at the current sales pace”

Jul 2010 4.0m, 12.5mo

http://www.google.com/hostednews/afp/article/ALeqM5i-Ixsi6BLXYSbMy4D2OtQfNEAZ0g

“US existing home sales plunge”

“Total housing inventory climbed 2.5 percent at end July to 3.98 million units available for sale, representing a 12.5-month supply,”

Aug 2010 4.0m, 11.6mo

http://www.realtor.org/press_room/news_releases/2010/09/ehs_move

“Existing-Home Sales Move Up in August”

“Total housing inventory at the end of August slipped 0.6 percent to 3.98 million existing homes available for sale, which represents an 11.6-month supply4 at the current sales pace, down from a 12.5-month supply in July.”

Sep 2010 4.0m, 10.7mo

25 Oct 2010. Barron's.

http://blogs.barrons.com/stockstowatchtoday/2010/10/25/existing-home-sales-beat-inventory-foreclosure-fears-linger/?mod=google_news_blog

“Existing Home Sales Beat; Inventory, Foreclosure Fears Linger. by Tiernan Ray”

“T. Rowe Prices’s Jared Franz notes that inventory is still in a critical place, with a two-year high of 4 million units (even though that’s down from August) and an “elevated” supply of 10.7 months, well above the average of 4.6 months at the end of 2005.”

Oct 2010 3.9m, 10.5mo

23 Nov 2010. Wall Street Journal.

http://online.wsj.com/article/SB10001424052748703730304575632980614694268.html

“Home Sales Fell 2.2% in October. NICK TIMIRAOS ”

“The trade group reported that the number of homes listed for sale fell to 3.86 million units in October, down by 3.4% from September levels. At the current sales pace, it would take 10.5 months to clear that inventory. ”

Nov 2010 3.7m, 9.5mo

22 Dec 2010. Inman News.

http://www.inman.com/news/2010/12/22/existing-home-sales-rise-in-november

“Existing-home sales rise in November”

“Unsold inventory stood at 3.71 million at the end of November – a 9.5-month supply at the current sales rate, down from a 10.5-month supply in October, but up from a 6.5-month supply in November 2009.”

Dec 2010 3.6m, 8.1mo

20 Jan 2011. Builder.

http://www.builderonline.com/housing-data/existing-home-sales-end-2010-with-a-bang.aspx

“Existing Home Sales End 2010 With a Bang. John Caulfield”

“the inventory of unsold existing homes receded in December by 4.2% to 3.56 million units, which represented an 8.1-month supply”

Jan 2011 3.4m, 7.6mo

23 Feb 2011. NAR.

http://www.realtor.org/press_room/news_releases/2011/02/january_above

“Existing-Home Sales Rise Again in January”

“Total housing inventory at the end of January fell 5.1 percent to 3.38 million existing homes available for sale, which represents a 7.6-month supply at the current sales pace”

Feb 2011 3.5m, 8.6mo

21 Mar 2011. The Street

http://www.thestreet.com/story/11052756/2/feb-existing-home-sales-drop-96.html

“February Existing-Home Sales Drop 9.6%. Miriam Reimer”

“Total housing inventory at the end of December rose 3.5% to 3.49 million existing homes available for sale. That represents an 8.6-month supply at the current sales pace, up from a 7.5-month supply in January. ”

Mar 2011 3.6m, 8.4mo

20 Apr 2011. Inman.

http://www.inman.com/news/2011/04/20/existing-home-sales-in-march

“Existing-home sales up in March”

“Unsold inventory rose 1.5 percent month-to-month, to 3.55 million existing homes. That represents an 8.4-month supply at the current sales rate, essentially level with the February supply.”

Apr 2011 3.9m, 9.2mo

19 May 2011. CR.

http://www.calculatedriskblog.com/2011/05/april-existing-home-sales-505-million.html

“April Existing Home Sales: 5.05 million SAAR, 9.2 months of supply. CalculatedRisk”

“According to the NAR, inventory increased to 3.87 million in April from 3.52 million in March. …

Months of supply increased to 9.2 months in April, up from 8.3 months in March.”

May 2011 3.7m, 9.3mo

21 Jun 2011. Reuters.

http://www.reuters.com/article/2011/06/21/us-usa-economy-idUSTRE75K3E820110621?feedType=RSS&feedName=topNews

“Home sales hit 6-month low, prices decline”

“There were 3.72 million previously owned homes on the market in May …

At May's weak sales pace, it would take 9.3 months to clear the inventory of previously owned homes on the market. That is up from a 9.0 months' supply in April.”

Jun 2011 3.8m, 9.5mo

20 Jul 2011. Wall Street Pit.

http://wallstreetpit.com/79824-used-home-sales-fall-inventories-rise

“Used Home Sales Fall, Inventories Rise. Dirk van Dijk”

“In June, inventories rose by 3.3% to 3.77 million. Combined with the slight fall in sales, that puts the months of supply at 9.5 months”

Jul 2011. 3.7m, 9.4mo

18 Aug 2011. SF Chronicle.

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/17/bloomberg1376-LQ4MUF1A1I4H01-0N144JOK3JK1D2TG6LKDGIE2TT.DTL

“Existing Home Sales in U.S. Unexpectedly Decreased in July”

“There were 3.65 million houses on the market, which translates to a 9.4 months' supply at the current sales rate.”

Aug 2011. 3.6m, 8.5mo

21 Sep 2011. WSJ.com

http://online.wsj.com/article/BT-CO-20110921-707716.html

“US Aug Existing-Home Sales Rise 7.7%”

“The inventory of previously owned homes listed for sale, meanwhile, fell at the end of August to 3.58 million. That works out to a 8.5-month supply at the current sales pace, compared with a healthy level of about six months.”

Sep 2011. 3.5m, 8.5mo

20 Oct 2011. NAR.

http://www.realtor.org/press_room/news_releases/2011/10/ehs_sept

“Existing-Home Sales Off in September but Higher Than a Year Ago”

“Total housing inventory at the end of September declined 2.0 percent to 3.48 million existing homes available for sale, which represents an 8.5-month supply at the current sales pace, compared with an 8.4-month supply in August.”

Oct 2011. 3.3m, 8.0mo

21 Nov 2011. Bloomberg.

http://www.bloomberg.com/news/2011-11-21/sales-of-existing-homes-in-u-s-unexpectedly-increase-to-4-97-million-rate.html

“Sales of Existing U.S. Homes Unexpectedly Increase: Economy”

“The number of previously owned homes on the market dropped to 3.33 million last month, the fewest since January 2010, the group said today.

At the current sales pace, it would take 8 months to sell those houses, down from 8.3 months at the end of September. A range of seven months to eight months supply is consistent with stable home prices, the group has said.

“Maybe we are very close” to seeing home prices stabilize, Lawrence Yun, the group’s chief economist, said in a news conference today as the figures were released.”

Nov 2011. NAR re-benchmarking

21 Dec 2011. NAR.

http://www.realtor.org/research/research/ehs_benchmarking

The above page contains re-benchmarked data 2007-01 to 2011-11, as well as documentation of methodology.

Dec 2011. 2.4m, 6.2mo

20 Jan 2012. Washington Post.

http://www.washingtonpost.com/blogs/where-we-live/post/existing-home-sales-climb-for-third-straight-month/2012/01/20/gIQAGfRfDQ_blog.html

“Existing home sales climb for third straight month”

“Overall housing inventory also dropped 9.2 percent at the end of the year to 2.38 million existing homes available for sale, which represents a 6.2-month supply of homes at the current sales pace.”

Jan 2012. 2.3m, 6.1mo

Undated (22 Feb 2012). Hanley Wood.

http://www.hwmarketintelligence.com/analysisobjects/existinghomeinventory.asp?ProductCategory=HA

“Existing Home Inventory ”

“Inventory of existing homes in January declined 0.4% to a preliminary 2,310,000 units from 2,320,000 units in the previous month. …

At the current sales pace, there are 6.1 months of existing home supply on the market compared to 6.4 months in December.”

Feb 2012. 2.4m, 6.4mo

Undated (21 Mar 2012). Hanley Wood.

http://www.hwmarketintelligence.com/analysisobjects/existinghomeinventory.asp?ProductCategory=HA

“Existing Home Inventory”

[see table]

Mar 2012. 2.4m, 6.3mo

19 Apr 2012. CNN Money.

http://money.cnn.com/2012/04/19/real_estate/home-sales/

“Housing recovery still sputters. Les Christie”

“The number of homes for sale dropped 1.3% in March to 2.37 million existing homes. That's a 6.3-month supply at the current sales pace.”

Apr 2012. 2.5m, 6.6mo

22 May 2012. World Property Channel.

link

“U.S. Home Sales, Prices Uptick in April. Michael Gerrity”

“Total housing inventory at the end of April rose 9.5 percent to 2.54 million existing homes available for sale, a seasonal increase which represents a 6.6-month supply at the current sales pace, up from a 6.2-month supply in March.”

May 2012. 2.5m, 6.6mo

21 Jun 2012. Bloomberg.

http://www.bloomberg.com/news/2012-06-21/sales-of-existing-u-s-homes-fell-in-may-to-4-55-million-rate.html

“Sales of Existing U.S. Homes Fell in May to 4.55 Million. Lorraine Woellert”

“The number of previously owned homes on the market decreased 0.4 percent to 2.49 million in May from a month earlier. At the current pace, it would take 6.6 months to sell existing inventory, compared with 6.5 months at the end of the prior period.”

Jun 2012. 2.4m, 6.6mo

19 Jul 2012. Bloomberg via SF Chronicle.

http://www.sfgate.com/business/bloomberg/article/Sales-of-Existing-U-S-Homes-Fell-to-Eight-Month-3719717.php

“Sales of Existing U.S. Homes Fell to Eight-Month Low in June. Michelle Jamrisko”

“The number of previously owned homes on the market decreased 3.2 percent to 2.39 million in June from a month earlier. At the current pace, it would take 6.6 months to sell existing inventory”

Jul 2012. 2.4m, 6.4mo

22 Aug 2012. Bloomberg.

http://www.bloomberg.com/news/2012-08-22/u-s-july-home-resales-rise-to-a-4-47-million-rate.html

“Sales of U.S. Existing Homes Increase From Eight-Month Low. Shobhana Chandra”

“The number of previously owned homes on the market climbed 1.3 percent to 2.4 million. At the current sales pace, it would take 6.4 months to sell those houses compared with 6.5 months at the end of the prior month. The group said it considers 6 months’ supply “normal.” ”

Aug 2012. 2.5m, 6.1mo

19 Sep 2012. CR.

http://www.calculatedriskblog.com/2012/09/existing-home-sales-in-august-482.html

“Existing Home Sales in August: 4.82 million SAAR, 6.1 months of supply”

“According to the NAR, inventory increased to 2.47 million in August up from 2.40 million in July.”

Sep 2012. 2.3m, 5.9mo

19 Oct 2012. Bloomberg.

http://www.bloomberg.com/news/2012-10-19/sales-of-u-s-existing-homes-declines-amid-limited-supply.html

“Existing U.S. Home Sales Decline as Supply Drops. Shobhana Chandra”

“The number of previously owned homes on the market dropped 3.3 percent to 2.32 million, the fewest for any September since 2002. At the current sales pace, it would take 5.9 months to sell those houses compared with 6 months at the end of August. The months’ supply was the lowest since March 2006. ”

Oct 2012. 2.1m. 5.3mo.

(see next clipping)

Nov 2012. 2.0m. 4.8mo

Undated. Hanley Wood.

http://www.hwmarketintelligence.com/analysisobjects/existinghomeinventory.asp?ProductCategory=HA

“Analysis for the Housing Market”

“Inventory of existing homes in November declined 3.8% to a preliminary 2,030,000 units from 2,110,000 units in the previous month. …

Months of existing home inventory decreased due to an increase in sales activity combined with the drawdown in existing home supply. At the current sales pace, there are 4.8 months of existing home supply on the market compared to 5.3 months in October.”

Dec 2012. 1.8m. 4.4mo

22 Jan 2013. FT.

http://www.ft.com/intl/cms/s/0/832db292-64a3-11e2-934b-00144feab49a.html

“US home sales dip and inventories thin. Anjli Raval”

“Total housing inventory at the end of December fell 8.5 per cent to 1.82m existing homes available for sale last month – the fewest since January 2001 – the National Association of Realtors said on Tuesday.

The inventory-to-sales ratio fell to a 4.4 month supply at the current sales pace, down from 4.8 months in November. This is the lowest housing supply since May 2005, near the housing boom peak, when it was 4.3 months.”

Jan 2013. 1.7m. 4.2mo

Undated. Hanley-Wood

http://www.hwmarketintelligence.com/analysisobjects/existinghomeinventory.asp?ProductCategory=HA

“Analysis for the Housing Market”

“Inventory of existing homes in January dropped 4.9% to a preliminary 1,740,000 units from 1,830,000 units in the previous month. …

At the current sales pace, there are 4.2 months of existing home supply on the market compared to 4.5 months in December.”

Feb (1.9m, 4.6mo) & Mar (1.9m, 4.7mo) 2013

22 Apr 2013. NAR.

http://www.realtor.org/news-releases/2013/04/march-existing-home-sales-slip-due-to-limited-inventory-prices-maintain-uptrend

“March Existing-Home Sales Slip Due to Limited Inventory, Prices Maintain Uptrend”

“Total housing inventory at the end of March increased 1.6 percent to 1.93 million existing homes available for sale, which represents a 4.7-month supply 2 at the current sales pace, up from 4.6 months in February.”

Apr 2013, 2.2m 5.2mo

28 May 2013. US News.

http://www.usnews.com/news/blogs/home-front/2013/05/28/more-good-news-for-housing-inventory-is-increasing

“More Good News for Housing: Inventory Is Increasing”

“As of April, inventories of existing homes are up 22 percent from cycle lows set in January, rising to 2.16 million units according to the National Association of Realtors. …

As of April, the months-supply of the existing housing market stood at 5.2”

May 2013, 2.0m 5.2mo

23 Jun 2013. Christian Science Monitor

http://www.csmonitor.com/Business/Paper-Economy/2013/0623/Existing-home-sales-jump-4.3-percent-in-May

“Existing home sales jump 4.3 percent in May”

“Inventory of single family homes increased from April to 1.98 million units but still remained 9.2% below the level seen in May 2012 which, along with the sales pace, resulted in a monthly supply of 5.2 months. ”

Jun 2013, 2.2m, 5.2mo

22 Jul 2013. Business Insider.

http://www.businessinsider.com/june-existing-homes-sales-2013-7

“Existing Home Sales Miss Expectations, Fall 1.2%”

“Housing inventory ticked higher rose 1.9% to 2.19 million, which represents a 5.2-month supply. This is up from 5 months' supply. Tight supply of housing had previously weighed on existing home sales.”