Wednesday, November 21

New real estate data

I thought I was not crazy, but you never know. Here is the actual data from October 2007:

The October RMLS numbers are out and they're surprisingly strong. The median home price is up 6 percent year-over-year. It's $287,000 in October 2007 compared to $270,000 from the year before. That's down a from the $300,000 in August but still pretty strong given what else is going on the country. The inventory remains high at 8.4 months. That's up 80 percent from the year before but actually a decline from the month before.
All in all, a strong showing.