The nation in November -- and how we compare
Median prices in the country fell 3.3 percent to $210,200. But the NAR says that's at least partially due to a sharp slowdown in sales in expensive markets, skewing the overall price statistic downward.
How do we compare?
The average price was fairly steady in the Baltimore area, and that's what people tend to focus on around here. So why am I using median, you ask? Because that's what NAR uses. The advantage of median is that it's the point at which half the homes are cheaper and half more expensive.
The NAR also says U.S. home sales rose slightly -- about half a percent -- in November vs. October. But since those numbers are adjusted for seasonal variations and our local numbers aren't, there's no way to make an apples-to-apples comparison.