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Friday, November 16, 2012

OCTOBER MARKET STATISTICS

Sales of single-family, re-sale homes bounced up last month, rising 18% year-over-year.
Home inventory continues to be abysmal. It was off 41.6% from last October.
The median price for homes jumped 27.5% year-over-year. The median price has been higher than the year before for the past nine months. The sales price to list price ratio has been over 100% for the past eight months.

The average price for homes was up 27.3% year-over-year.
Pending home sales were down 3.1% year-over-year.

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