Some Highlights:

• November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).”
• Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and is now 9.3% lower than November 2015.
• Inventory has dropped year-over-year for the last 18 months.
• The median price for all home sales in November was $234,900, up 6.8% from last year and marks the 57^th consecutive month of year-over-year gains.

Source: Housing Market & Real Estate News

Lenora Lostaunau

Lenora is a full-service San Diego real estate agent, serving residents county-wide, and those looking to live in San Diego. She specializing in Metro and Coastal San Diego, with a Masters Degree in Marketing and over 10 years in the real estate industry, Lenora offers top tier, professional service that gets results.