The number of existing homes for sale hit a low not seen in more than a decade in November as sales climbed to the highest level in three years, providing continued support for prices, the National Association of Realtors reported today.

At $180,600, the national median existing-home price for all housing types was up 10.1 percent from a year ago — the ninth consecutive month of annual gains, and the longest streak since May 2006.

read more

Inman News Headlines