After a prolonged period of rising prices and low inventory, the housing market appears to be settling down, real estate officials say.
The cool down comes as numbers for October are out from the Buffalo Niagara Association of Realtors, which again show higher prices and low inventory.
The median price of a single-family home was $151,000 last month, a 4.2 percent increase in the past year. The average sale rose to $177,682, a 3.7 percent hike.
Sales were down 8 percent to 1,130 year-over-year.
Inventory…
Source: http://feeds.bizjournals.com/industry_21
