The National Association of Realtors today released Existing Home Sales data for December 2010 Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly EHS economic indicator is based on a representative sample of 160 Boards/MLSs. NAR captures 30-40% of all existing-home sale transactions with its monthly survey. HERE is the methodology for the data collection Excerpts from the Release... Existing-home sales rose sharply in December, when sales...(read more)
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Source: http://www.mortgagenewsdaily.com/01202011_existing_home_sales.asp
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