Average home prices declined 1.3% in November to a $413,649. Prices continue to hold above the previous year's, with November recording a 5.7% year-over-year price increase.
Home sales remained unchanged in November, holding steady at 42,000 homes. Sales figures remain well above last year's levels, however, posting an 8.3% increase from the same month of the previous year.
A seasonally adjusted 75,019 homes came onto the market in November ? an increase of 3.2% from the same month of the previous year. This translated into a sales-to-new-listing ratio of 56%, which is essentially unchanged from the previous month.
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