From the National Association of Realtors:
From the AP:
Sales of existing homes managed to eke out a small increase in November but the price of homes sold fell for a record fourth consecutive month, a real estate trade group reported Thursday.
The National Association of Realtors reported that sales of previously owned homes rose 0.6 percent in November to a seasonally adjusted annual rate of 6.28 million units. That followed a 0.5 percent sales increase in October and marked the first back-to-back sales gains since the spring of 2005.
The slight increases in sales were not enough to halt a slide in home prices. The median price for an existng home sold in November dropped to $218,000, down 3.1 percent from the price a year ago. It was the first time on record that sales prices compared to a year ago have fallen for four straight months.
Sales of U.S. existing homes rose 0.6% in November, to a seasonally adjusted annual rate of 6.28 million, the National Association of Realtors said Wednesday.
Inventories of unsold homes fell 1%, to 3.82 million, representing a 7.3-month supply.
Sales are down 10.7% in the past year.
The median sales price fell, year on year, by 3.1% to $218,000.
Sales of single-family homes rose 0.2% to a 5.52 million annual pace. Single-family-home sales are down 10.2% in the past year.
Condominium-unit sales rose 3.1% in November to a seasonally adjusted annual rate of 757,000. Condo sales are down 13.6% in the past year, while median prices are unchanged at $224,600.
Last month’s sales rose 0.6% in the Northeast, 0.8% in the West and were unchanged in the Midwest, the NAR’s data showed. Sales fell 1.6% in the South.