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- Total existing-home sales finished 2016 at 5.45 million sales.
- In December, existing sales decreased 2.8 percent to a seasonally adjusted annual rate of 5.49 million in December from an upwardly revised 5.65 million in November.
- With last month’s slide, sales are only 0.7 percent higher than a year ago.
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- Potential existing-home sales decreased to a 5.8 million seasonally adjusted, annualized rate (SAAR).
- This represents a 92.5 percent increase from the market potential low point reached in December 2008.
- In December, the market potential for existing-home sales grew by 2.9 percent compared with a year ago, an increase of 164,000 (SAAR) sales.
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