Plano Homes : Existing Home Sales Rise in October ; Housing Trends
Sales of previously owned homes got an unexpected boost last month while the number of homes on the market continued to decline, according to data just released by the National Association of Realtors. The trade group recorded a 1.4 percent month-over-month increase in existing-home sales in Octobers. At the same time, housing inventory fell 2.2 percent to 3.33 million existing homes available for sale, which represents an 8.0 month supply. Distressed homes made up 28 percent of October’s transactions.
Note to readers: This article contains National real estate data, however, real estate is very hyper-local. To find out what is happening in YOUR market please vistit our ASK A REALTOR page here or call Hunter Webb at 469-951-2299.