Real Estate Market News:
October 2012 Real Trends Market Report:
The October 2012 report shows that the rate of housing sales increased dramatically on an annualized basis over a year ago. Overall, October 2012 new and existing unit sales were up 23.3 percent from a year ago. The annual rate for October of 2012 was 5.699 million up from the 4.623 million recorded in October 2011.
The average price of homes sold increased significantly rising 9.0 percent from October 2011 to October 2012.
November 12, 2012 – The REAL Trends Housing Market Report showed that the combination of new and existing home sales in October 2012 strengthened from the prior year. The annualized rate of the combination of new and existing home sales increased to 5.699 million up from the 4.623 million recorded in October 2011.
The average price of homes sold in October 2012 was up 9.0 percent from the average price of homes sold in October 2011 marking the seventh consecutive month of increased home sale prices.
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