December 31, 2007
Home Sales Up, But Still Awful, In November
By Cory Hopkins
Sales of existing homes rose slightly in November, to 5 million from 4.98 million in October, according to the National Association of Realtors. The figure is still 20 percent below the 6.25 million existing housing units sold in November 2006.
The National Association of Realtors only tracks sales that involved a registered Realtor.
In the Northeast, a total of 870,000 existing homes were sold in November, down from 1.08 million in 2006.
The national median existing home price also fell in November to $210,200, down 3 percent from $217,300 in November 2006, but up from the average price of $206,900 in October of this year.
Regionally, median prices stayed virtually the same in November, at $258,300 for an existing home in the Northeast, compared to $258,400 in October.
The National Association of Realtors only tracks sales that involved a registered Realtor.
In the Northeast, a total of 870,000 existing homes were sold in November, down from 1.08 million in 2006.
The national median existing home price also fell in November to $210,200, down 3 percent from $217,300 in November 2006, but up from the average price of $206,900 in October of this year.
Regionally, median prices stayed virtually the same in November, at $258,300 for an existing home in the Northeast, compared to $258,400 in October.
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