Desert Area Home Prices Up Slightly in November, But Sales Drop
According to the Desert Real Estate Report, the median price for single-family, re-sale homes rose 14.5% from October. Year-over-year, the median price was down 3.8%. This is the lowest year-over-year decline since December 2007. The average price for homes was up 6.7% year-over-year. This is also the first time that has happened since December 2007. It points to increased activity in the move-up market, $500 to $1MM, and the upper end market of $1MM plus. (Click to read on..)
Trends at a Glance
According to the Desert Real Estate Report, the median price for single-family, re-sale homes rose 14.5% from October. Year-over-year, the median price was down 3.8%. This is the lowest year-over-year decline since December 2007. The average price for homes was up 6.7% year-over-year. This is also the first time that has happened since December 2007. It points to increased activity in the move-up market, $500 to $1MM, and the upper end market of $1MM plus. (Click to read on..)
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