National real estate news positive

November 4, 2008

Good news on national real estate.  The National Association of REALTORS reported existing home sales were up 5.5% to a seasonally adjusted rate of 5.18 units in September 2008 versus 4.91 million in August.

Sales are higher than they were this time last year. 

The housing inventory, or homes available for sale,  fell to a 9.9 month supply, down from 10.6 months. This is the second consecutive month that inventorires have declined.

The only  "bad news" amidst these positive notes is the national median existing home price fell slightly to $191,600, down from a year ago when the media price was $210,500.

Pay attention to these signs to buy!

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