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Real Estate Property Sales Increase
Sales of previously owned homes soared 7.4% in the traditionally slow month of November as buyers looked to take advantage of a tax credit for first-time purchases, an industry group said this morning.
Sales of single-family houses, town homes, condominiums and co-ops rose to a seasonally adjusted annual rate of 6.54 million units in November, the National Assn. of Realtors in Washington said.
That is 44.1% above the 4.54 million sales pace of November 2008.
The 7.4% rise reported today was compared with sales in October 2009.
The median price for all types of existing homes was $172,600 in November, a 4.3% drop from November 2008. Distressed properties accounted for 33% of sales in November, the Realtors group said.
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This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. US Home Sales Rise – Why Buyers Bought in Slow Month is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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