The Real Deal Miami

National sales activity, prices remain higher than 2011: report

November 16, 2012 11:15AM

The trend of increased home sales activity and home prices continued in October across the United States, according to RE/MAX’s National Housing Report. Closed transactions increased by 17.8 percent over 2011 in 52 metropolitan areas, with home prices up 2.1 percent compared to the median seen last October. It was the ninth consecutive month in a row that prices had been higher year-over-year. “As we enter the fourth quarter, 2012 is looking like the turnaround year for housing, with significant increases in sales and prices,” said Margaret Kelly, CEO of RE/MAX. — Alexander Britell