Yesterday we commented about California home sales.
Today we get a report from the National Association of Realtors® (N.A.R.) regarding existing home sales for November, 2008 across the United States. Not surprisingly, NAR reports that the number of existing (not new) home sales has declined "... 8.6 percent to a seasonally adjusted annual rate¹ of 4.49 million units in November from a downwardly revised level of 4.91 million in October, and are 10.6 percent below the 5.02 million-unit pace in November 2007."
As for prices, the National Association of Realtors reports that "The national median existing-home price³ for all housing types was $181,300 in November, down 13.2 percent from November 2007 when the median was $208,800."
To read the entire press release, go here