Home Sales

This question is about the sales of private homes in Singapore. In Singapore, most people live in public housing.

According to the Urban Redevelopment Authority in Singapore, an estimated 14,950 new homes were snapped up in the first 11 months of 2013.

The reporter wrote "the total sales for 2013 are likely to be well down from 2012's 22,197 new homes sold".

based on a Straits Times report on 2 January 2014 

Show the necessary calculation to show why what the reporter wrote was likely correct.

This question is for students in Primary 5 (Grade 5) and above.