11.6 percent

National Mortgage News

Brad Finkelstein

October 25

The housing market continues to move toward balance between buyers and sellers. A Remax report shows that there was an 11.6% drop in home sales compared with September 2017, the largest decline since May 2011. However, the median sales price of $241,000 was the highest recorded for any September since the Remax National Housing Report started 10 years ago. This represented an annual increase of 5.6%, more than double the 2.3% price growth seen in the same month between 2016 and 2017.

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