Although the national median price of homes being purchase has decreased, existing homes that have been sold increased for the 4th straight month in November.
Purchases of town homes, condo’s, co-op’s and single family residences increased nearly 14% last month to a adjusted estimated of 4.97 million. Since July, homes sales have increased by double digits. Sales also rose w/in the month of October.
The following information provides more detailed information:
|Seasonally adjusted annual rate||4.97 million|
|% change from Oct. 2010||+13.5%|
|% change from September 2011||+1.4%|
|National median price||$162,500|
|% change from Oct. 2010||-4.7%|
|Unsold inventory (months’ supply)||8|
|Share of all-cash buyers||29%|
|Share of investor buyers||18%|
|Share of first-time buyers||34%|
|Share of distressed sales||28%|