October existing home sales jumped a record 10.1 percent. Sales are up 23.5 percent since October 2008 lows, which also is a record for year-over-year jump, according to the National Association of Realtors.

The median sales price of an existing home in October was $173,100, down 7.1 percent from October 2008. That’s the smallest decline in median home price in more than a year.

By region of the country:
Northeast: up 11.6 percent, Midwest: up 14.4 percent, South: up 12.7 percent, West: up 1.6 percent.
The West had the biggest foreclosure home states — California, Nevada and Arizona.
Existing home inventories are down to a seven-month supply.
from The Washington Post

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