RE/MAX: Home Sales Up In November

Posted by Orb Staff on December 18, 2012 No Comments
Categories : Residential Mortgage

12933_house_green RE/MAX: Home Sales Up In November November home sales saw the second-highest year-over-year increase this year, with a 15.7% rise from last November, according to new data from RE/MAX.

RE/MAX reports that the median price for homes sold in November was $163,750, up 3.6% from October and 6.9% higher than the price seen in November 2011. November is the tenth consecutive month with higher prices than the same time last year. Of the 52 metro areas surveyed by RE/MAX, only two saw price declines from 2011: Manchester, Vt., dropped 7.8%, and Providence, R.I., fell 0.8%.

Home sales for November, however, followed the traditional seasonal change and declined 7.2% from October. However, of the 52 metro areas surveyed by RE/MAX, 49 reported higher sales than November 2011, with an average gain of 15.7%. November was the seventeenth month in a row when sales have been higher than the same month in the previous year.

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