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NAR median home prices on existing homes fell in 3Q

By
Real Estate Broker/Owner with 4 Malibu Real Estate Lic# 01457517

Median prices of home sales fell in most of the metropolian areas surveyed by the NAR in the 3rd quarter. 

Existing hme sales are 17% above last yera wich was over 4 million. Total existing home sales fel to just below 5 million in the 3rd quarter. 

Compared to a year earlier, every state and the District of Columbia saw sales rise from 2010 levels with 45 states posting double-digit gains.

The national median existing single-family home price hit $169,500 in the third quarter. That is down 4.7% from $177,800 in the third quarter of 2010.