Sales Are Up !?!

The NAR announced today that sales of existing homes have risen! "Existing-home sales rose slightly in November, indicating a stabilization in housing in the wake of mortgage disruptions earlier this year, according to the National Association of Realtors®." Sales rose from October to November but are still below the outstanding November 2006 numbers. As we know, in the crazy world of statistics one can make the numbers appear in many fashions. In North Dallas, prices have remained stable. The amount of inventory is up and the days on market numbers are up as well. However, our number of sales and prices are up slightly as well. What's happening in real estate and the economy across the country has caused but a bump in the road for us. Come early January, we should have a pretty good picture of 2007 sales in North Dallas. I'll be posting the stats.