HAR Report: Days on Market, or the actual time it took to sell a home, increased from 43 to 47 days. Months of inventory registered a 3.6-months supply compared to 2.8 months a year earlier. That is the greatest months supply in four years. The current national supply stands at 3.4 months, as reported by NAR.
Broken out by housing segment, October sales performed as follows:
$1 - $99,999: increased 12.7 percen
$100,000 - $149,999: increased 3.1 percent
$150,000 - $249,999: decreased 4.3 percent
$250,000 - $499,999: decreased 4.5 percent
$500,000 - $999,999: decreased 8.5 percent
$1M and above: increased 21.3 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 4,610 in October, down 6.5 percent from the same month last year. The average price rose 3.0 percent to $406,277 and the median sales price rose a fractional 0.9 percent to $318,000.