Existing Home Sales Up; Prices Down
The National Association of Realtors® is reporting that October sales of existing homes rose a meager .5% as the median selling price of an existing home fell by a stunning 3.5%.
The median selling price of an existing home in the U.S. is now $221,000.
The year-over-year price decline is the largest ever recorded and is the 3rd consecutive monthly decline, resulting in the longest series of price declines on record.
November 28th, 2006 Posted in About Our Area, Buyer Stuff
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