The most notable gain was in listings. The November inventory climbed 3% higher than in October.
The annualized, year-over-year data showed that almost all key sectors were higher as the market continues to recover and strengthen. And although total home sales were down 6.2% year-over-year, the pace is only 797 fewer closings than last year.
November 2014 housing highlights:
• Sales: 917 homes were 13.5% less than October (1,060 homes)
Year-over-year: 1.7% lower than November 2013 (933 sales)
• Total Sales Volume of $189.7 million was 15% less than October ($223.1 million)
Year-over-year: 6% lower than November 2013 ($178.9 million)
• Medium Sales Price of $165,000 was 0.9% lower than October ($166,500)
Year-over-year: 3.5% higher than November 2013 ($159,500)
• Average Sales Price of $206,882 was 1.7% lower than October ($210,454)
Year-over-year: 7.9% higher than November 2013 ($191,763)
• Active Listings of 5,820 units were 3% more than October (5,649)
Year-over-year: 10.1% higher than November 2013 (5,286 units)
• Conventional Loan Sales were 38.2%; cash sales were 26.3%