What You Need to Know about the November Housing Numbers

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The highlights from the latest housing report from the National Association of Realtors.

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Season’s greetings! As the temperatures begin to get chilly and the holidays are just around the corner, it’s officially wintertime. With only a few more days left in 2014, the National Association of Realtors (NAR) released its November existing-home sales report. Total existing-home sales totaled 4.93 million in November 2014, above last year’s November number by 2.1 percent.

November also marked the highest percent of first-time buyers (31 percent) since October 2012. And while properties stayed on the market in November longer (65 days) than October (63 days), 32 percent of homes sold in November were on the market for less than a month!

The median existing-home price for November was $205,300, which marked the 33rd consecutive month of year-over-year price gains.

Below is a breakdown of the median price of homes sold in each region of the country during this past November. As we say goodbye to 2014, check out these on-the-market listings, perfect for new beginnings in the New Year!

Northeast median sales price: $246,100

Midwest median sales price: $160,500

South median sales price: $176,500

West median sales price: $292,700

 

Husband. Father. Socializer. Mets Lifer. TV Aficionado. Consumer Engager.

David Marine is the Chief Marketing Officer at Coldwell Banker, where he oversees the brand’s marketing efforts and content strategy including acting as managing editor for the Coldwell Banker blog and heading up video production efforts. While CMO by day, David runs a three ring circus at night as he is the father of 4 boys. He also happens to be married to Wonder Woman. True story.

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