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November 28, 2007 - Forex Economic News
Existing-Homes Sales decline for 8th month in a row. National Median sale price drops.
Total existing-homes sales for the month of October declined by 1.2% to an annual rate of 4.97 million units according to data released today by The National Association of Realtors(NAR). The October decline was the 8th consecutive month of declining existing-home sales. The median existing-home price fell 5.1% to $207,800 from last Octobers median home price of $218,900.
Also, released in the data were some positive aspects as NAR President Richard Gaylord noted that despite the declining numbers nationally, "home prices are up in 93 out of 150 metro areas" and “areas with population or job growth are seeing the strongest home price gains.” San Francisco, Albuquerque, Charlotte and Green Bay were highlighted by the report as areas with home price increases. Read the full report here.
Tags: existing home sales, NAR, National Association of Realtors------ Blog index
