October home sales increased 1 percent; median home price declined 3.2 percent
Quick Facts:
· Existing, single-family home sales
increased 1 percent in October to a seasonally adjusted rate of 562,400 units
on an annualized basis.
· The statewide median price of an existing single-family home increased 0.3
percent in October to
$297,500, compared with September 2009.
· C.A.R.’s Unsold Inventory Index fell to 4 months in October, compared with
6.1 months in October 2008.