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November Residential Real Estate Market Shows Positive Growth


Real estate sales continue to track positively. Sales are up, days on market are down and the average sale price is up over last year. 269 homes were sold in November, compared to 261 in November of 2012.

The average time on the market for a house to sell is 45 days compared to 65 days a year ago. The average sale price of $256,666 is an increase of 12.7 percent over last November’s price of $227,652. In addition, 43 percent of the homes sold in November were sold at or above list price, compared to 33 percent last year at this time. 

There are more houses to sell now than this time last year. 433 new listings were added to the market in November, representing an increase of 32 percent over 329 new listings posted in November 2012. The average list price has gone up 12.4 percent, from $235,252 to $264,459.

icon Read more November housing statistics here. 

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