Despite the typical winter slowdown, November home sales finished 19.1% above a year ago and prices increased 1.4% over October. All but one of the 53 markets in the RE/MAX National Housing Report posted an increased number of sales over November 2015, with nearly half of the markets at least 20% higher. In all, last month saw more homes sold than any other November in the eight-year history of the report.
With one month to go, 2016 is on pace to exceed what was a strong 2015. Year-over-year, 2016 has posted price increases or stayed flat in all 11 months to date, and sales increases in nine months. November posted the largest percentage year-over-year sales increase thus far in 2016.