Thursday, October 18, 2012

Inventory Reduces Sales in September

Inventory Reduces Sales in September


 But Helps Price

The median sales price for homes sold in September continued to move higher yearly and monthly while sales were stalled from the previous month, according to a housing report from RE/MAX, which tracks MLS data in 52 metropolitan areas.

The median sales price in September was $164,989, a slight 0.7 percent increase from August and a 7.8 percent improvement from September 2011. So far, prices have been rising yearly for eight straight months.
Out of the 52 metros surveyed, 44 saw yearly price gains. Read more...

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