Real Estate By The Numbers

The total housing inventory level reports show that there was an increase of 1.9% in the total housing inventory levels at the end of October.

There were a total of 3.85 million existing homes for sale which represented a 7.4 month supply at the current sales pace. With this single family homes sales rose to almost 1.5% to an adjusted annual rate of 5.5 million in October.

This is up from 5.43 million in September but is 11% lower than the 6.18 million-unit pace in October of last year. The median existing single-family home price was $221,300 in October which was down 3.4% from the year earlier.

Co-op housing and existing condos sales fell almost 5% to a seasonally adjusted annual rate of 741,000 units in October. This number is significantly lower than the numbers posted in September.

They were also down 14.5% from the 867,000 unit level in October of last year. The median existing condo price was $214,300 in October which is more than 5% lower than the previous year.