But monthly sales rate rises 24%
West is hardest-hit region
Association forecasts new-home sales will jump 18.5% this year
Every region but the West sees declines
Forecast: Resale median price will grow 2.8%
Median price sinks to lowest point since December 2003
NAR projects existing-home sales will rise 9% in 2010
Northeast sales jump 33.3% year-over-year in December
Months' supply drops 30.7% year-over-year
Supply of new homes down 40% from one year ago
Builder inventory shrinks despite 3.6% drop in sales
Sales up, inventories down for 5 months in a row
Inventory continues to shrink
Low appraisals add to lending woes for builders, developers
Southwest region sees biggest drop in sales, prices