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According to the N.A.R., existing home sales in the U.S. jumped 10% in September. Estimates show 4.5 million homes being sold for the month. While that's a significant increase from August, it's still significantly off from the home sales last year in the same month (about 20% less).
One important factor to remember, however, is that the home buyer tax credit was initially set to expire in November of last year, so September and October of 2009 had unusually high volumes of sales, while the following December/January were alternately sparse. Overall sales numbers from last year to this year had a much smaller drop.Full NAR Report
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