Median prices up again for the 2nd straight month in November: Sales hit 17 months of increases

We hope you are having a nice holiday season! Today we released our November 2012 sales report. Single-family median prices went up for the 2nd straight month. Sales were up for the 17th  straight month compared to the same time last year. Condo median prices and sales both continued their upward trend in November. (see graphs below – click on them to enlarge).

Link to November 2012 Housing Release (including data sheets)

Do No Harm to Housing:
REALTORS across the country are reaching out to their members of Congress by asking them to ‘Do No Harm’ to housing by NOT making any changes to the Mortgage Interest Deduction. The housing market is on the road to recovery, but it’s not there yet. Changes to the mortgage interest deduction now or in the future could place the housing market and broader economy under stress.

Highlights from the release:
* Single-family home sales were up 29.2% compared to last year
* Single-family median prices were UP 3.5% ($295,000)
* Condo sales were up 34.9% compared to the same time last year
* The median price for a condo was UP 2.0% ($290,000) compared to last year