Thursday, October 27, 2005

The median home sales price fell 5.7 percent to $215,700.

Reuters reports:
While sales rose, the supply of homes available for sale shot up to a record 493,000 at the end of September, surpassing August's high of 478,000. At September's sales pace, that represented a 4.9 months' supply.

The median home sales price fell 5.7 percent to $215,700.

Low mortgage rates have sustained a years-long rally in the U.S. housing sector, but recent data have begun to suggest some cooling in the market. Earlier this week, a trade group said home resales came in flat in September but would have been lower if not for aggressive buying around hurricane-impacted areas.
Here's the actual Census Bureau report. Here's the historical data.