Market Watch
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Home sales, prices continue year-over-year rise, report shows
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Thursday, November 21, 2013
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Re/Max, a franchisor of real estate brokerage services, announced the results of its October Re/Max National Housing Report on Nov. 18.
The monthly report, which is based on MLS data from approximately 52 metro areas, has shown that home sales and home prices continued on a favorable path in October.
Although home sales dropped by 2.8 percent and home prices dropped 2.7 percent from September, the drop is consistent with routine seasonal buying practices that tend to dip when the weather gets cold.
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