Total existing home sales ?EUR??,,????'?????<

?EUR??,,????'?????<

Single-family home sales were unchanged from September at the seasonally adjusted annual rate of 4.37 million in October, and are 20.8 percent below 5.52 million-unit level in October 2006. The median existing single-family home price was $205,700 in October, down 6.3 percent from a year ago.

Existing condominium and co-op sales fell 9.1 percent to a seasonally adjusted annual rate of 600,000 units in October from 660,000 in September, but are 20.2 percent below the 752,000-unit pace in October 2006. The median existing condo price was $223,500 in October, up 4.9 percent from a year ago.

The national median existing-home price for all housing types was $207,800 in October, down 5.1 percent from October 2006 when the median was $218,900, but there is a downward distortion from the temporary problems with jumbo loans that slowed sales in high-price markets, and that dragged down the national median.

?EUR??,,????'?????<

NAR President Richard Gaylord believes the housing market is relatively good.

?EUR??,,????'?????<

According to the NAR, Charlotte, N.C.; San Francisco; Albuquerque; and Green Bay, Wis. are among the many metro areas showing healthy price.

Total housing inventory rose 1.9 percent at the end of October to 4.45 million existing homes available for sale, which represents a 10.8-month supply at the current sales pace, up from a downwardly revised 10.4-month supply in September.

Regionally, existing-home sales in the Northeast were unchanged at an annual pace of 900,000 in October, and are 12.6 percent below October 2006. The median price in the Northeast was $258,700, up 1.3 percent from a year ago.

Existing-home sales in the South also were unchanged in October, at an annual rate of 2.03 million, but are 19.4 percent below a year ago. The median price in the South was $171,400, down 6.7 percent from October 2006.

In the Midwest, existing-home sales slipped 1.7 percent to an annual rate of 1.18 million in October, and are 16.9 percent below October 2006. The median price in the Midwest was $164,000, down 1.6 percent from a year ago.

Existing-home sales in the West fell 4.4 percent in October to a level of 870,000, and are 33.1 percent below a year ago. The median price in the West was $318,200, which is 6.9 percent lower than October 2006.