Rise in October Existing-Home Sales
Posted by Bill Mann on
According to National Association of REALTORS®, October saw existing-home sale improve with a decline in the number of homes on the market.
Total existing-home sales, defined as successful transactions which encompass single-family, townhomes, condominiums and cooperatives, for October increased 1.4% to a seasonally-adjusted annualized rate of 4.97 million -- 13.5% above the level in October 2010.
For single-family, townhomes & condos in Rehoboth Beach the October median sales price was $412,553. For Sussex County Delaware, the October median sales price of single-family homes was $250,000 -- 0.5% decline from a year ago.  Townhomes & condos were hit particularly hard with a median sales price of $265,778 -- an 11.7% decline from a year ago.
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