That’s after six straight months of decreases.
https://www.housingwire.com/articles/47461-nar-existing-home-sales-see-first-increase-in-6-months
While they are up nearly one-and-a-half percent from 2017. In addition, Sales are now down 5% from a year ago.
The National Association of Realtors reports increasing housing inventory has brought more buyers to the market. So, after six consecutive months of decline, buyers are finally stepping back into the housing market.
Gains in the Northeast, South, and West reversed last month’s steep decline in all regions. It’s also helped overall sales activity rise for the first time since March.
- The (national) median existing-home price for all housing types in October was $255,400, up 3.8% year-over-year.
- October’s price increase marks the 80th straight month of gains.
- Properties typically stayed on the market for 33 days in October.
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