Monday, December 31, 2007

Nationwide Existing Home sales figures

"Existing-home sales managed a 0.4% gain during November, the first increase in nine months, but prices tumbled. Home resales rose to a 5.00 million annual rate, up from October's revised 4.98 million annual pace, the National Association of Realtors said. The median price of a previously owned home was $210,200 in November, down 3.3% from $217,300 in November 2006. Inventories of homes fell 3.6% at the end of November to 4.27 million available for sale, which represented a 10.3-month supply at the current sales pace." (WSJ)

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