HAR Report: Days on Market, or the actual time it took to sell a home, increased from 48 to 52. Months of inventory has held steady at a 4.4-months supply since August. Last November, there was a 3.5-months supply. The current national supply stands at 4.2 months, as reported by the National Association of Realtors (NAR).
Broken out by housing segment, November sales performed as follows:
$1 - $99,999: increased 21.3 percent
$100,000 - $149,999: decreased 8.3 percent
$150,000 - $249,999: increased 10.1 percent
$250,000 - $499,999: increased 3.3 percent
$500,000 - $999,999: increased 13.3 percent
$1M and above: increased 21.4 percent
HAR also breaks out sales figures for existing single-family homes. In November, existing home sales totaled 4,281, up 10.6 percent compared to the same time last year. The average price rose 7.4 percent to $439,206, and the median sales price increased 2.4 percent to $327,680.