MRED Blog
REinventing MLS
Housing: Year End Reports Reveal Market Coming Back
Posted by on January 3, 2013
Every year-end housing report revealed that the real estate market is recovering quite nicely.
Existing Home Sales Report
- Total existing-home sales rose 5.9 percent in November over last month
- Sales are 14.5 percent higher than November 2011
- Sales are at the highest level since November 2009
- The national median existing-home price was $180,600 in November, up 10.1 percent from November 2011
- Total housing inventory at the end of November fell to a 4.8-month supply; it was 5.3 months in October, and is the lowest housing supply since September of 2005 when it was 4.6 months
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