WKYT | Lexington, Kentucky | News

Sales of previously owned homes rise in November

WASHINGTON (AP) - Sales of previously owned homes edged up in November, the third increase in four months after a dismal summer for home-buying.

The National Association of Realtors says people bought previously owned homes at a seasonally adjusted annual rate of 4.68 million units last month, a gain of 5.6 percent from October.

The increases follow the worst summer for home sales in more than a decade. Even with the gains, sales were about 10 percent below the 5.2 million sales pace that analysts consider a healthy pace for housing.

The national median price for a home sold in November was $170,600.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 112319949 - wkyt.com/a?a=112319949
Gray Television, Inc.