A few highlights from today’s report on existing-home sales from the National Association of Realtors:
1. The median sales price of $180,600 for homes sold in November was the highest median price for the month of November since 2007.
2. Total housing sales volume in November of $88.8 billion was 26% above a year ago, based on an increase in the average sales price of 9.1% in November and an increase in home sales of 15.5%.
3. Home sales in November of 5.04 million units was higher than home sales in November 2007 of 4.46 million units.
4. The median sales price in November increased by 10.1%, which was the third consecutive month of a double-digit price increase, which last occurred in late 2005. It was also the ninth consecutive monthly year-over-year price gain, which last occurred from September 2005 to May 2006.