Home Sales Data To Be Revised Lower

Washington, DC, Dec. 13, 2011 -- Data on sales of existing homes from 2007 onward will be downwardly revised, the National Association of Realtors said.

The adjustment will be announced on Dec. 21 with the release of existing home sales.

The NAR said while total sales will be downwardly revised, there is little change to previously reported monthly comparisons, no change to relative month's supply and no change to median house prices.