Northeast Home Resales Post 11 Pct Annual Increase

Home resales in the Northeast posted the biggest annual increase of any region in the country last month, reflecting a more stable market than September last year when financial markets were roiled.

The nine-state region registered 81,000 home resales last month, up 11 percent from a year ago, the National Association of Realtors said Friday. The median price, however, fell 7 percent to $234,700.

Nationally, sales of existing homes jumped almost 8 percent from September last year, without adjusting for seasonal factors. The median sales price declined 8.5 percent to $174,900.

Full story is available on The New York Times

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