HAR Report: Days on Market, or the actual time it took to sell a home, eased slightly from 48 to 47 days. Months of inventory registered a 3.5-months supply for the second consecutive month and compares to 2.8 months a year earlier. That is the greatest months supply in four years. The current national supply stands at 3.6 months, as reported by NAR.
Broken out by housing segment, November sales performed as follows:
$1 - $99,999: decreased 19.4 percent
$100,000 - $149,999: decreased 9.4 percent
$150,000 - $249,999: increased 3.6 percent
$250,000 - $499,999: increased 8.0 percent
$500,000 - $999,999: increased 4.1 percent
$1M and above: increased 4.1 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 3,958 in November, down 4.4 percent from the same month last year. The average price rose 3.7 percent to $409,934 and the median sales price rose 3.2 percent to $320,000.