November is always a short month and there were only 19 working days in both 2016 and 2017. This makes it valid to compare November 2017 with November 2016, but comparisons with October 2017 are a little unfair. On this basis, the 6.6% growth in unit sales was a small improvement on the past few months.
Due to rising prices, the change in total dollars spent on homes was more favorable than the change in the unit count.
- Total dollars spent on single family homes rose by 15% over November 2016.
- Total dollars spent on townhouses & condos rose by 15% over November 2016.
The advantage held by attached homes for several months appears to have dissipated in November.
During November, average single family pricing moved sharply higher, reading $319,856, up from $308,182 last month and up 7.6% from $297,310 in November 2016. Average new single family home prices during November were only 3.0% higher than last year at $376,931, mainly because of a 2.4% drop in average new home size.