Quick Synopsis:

• November’s National Existing Home Sales report indicates that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).”
• A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors®
• Total housing inventory fell 8.0% from last month and is now 9.3% lower than November 2015.
• Housing Inventory has dropped year-over-year for the last 18 months.
• The median price for all home sales in November was $234,900.  This is up 6.8% from last year and marks the 57^th consecutive month of year-over-year gains.

** Please remember that these are “National” numbers(National Association of Realtors®) and that Real Estate is Regional**

As always, if you need guidance with the local market, feel free to call or text me at 727.755.3434.