Q3 Metro Home Prices/State Resales: Total state existing-home sales +11.4% to 5.3M/year from...

|By:, SA News Editor
Q3 Metro Home Prices/State Resales: Total state existing-home sales +11.4% to 5.3M/year from 4.76M in Q2. +5.9% from 5.01M in Q3 2008. Median price fell 11.2% Y/Y to $1767,900. "Foreclosures will continue to come on the market, but rising sales from the expanded tax credit should stabilize home prices by next spring and help to stem future foreclosures," NAR says.