The median price on existing home sales fell in most of the 150 metropolitan areas in the third quarter this year(from July to September 2011), reported the NAR (National Association of Realtors) Wednesday.
Home prices on single-family homes declined in 111 of the 150 metro areas surveyed.
The national median existing single-family home price hit $169,500 in the third quarter, which fell by 4.7% from the same period in 2010.
In the meantime, Foreclosure activities picked up in October 2011.
There were 230,678 default notices, scheduled auctions or bank repossessions on U.S. properties in October, a 7.4% increase from September.
In addition, First-time default notices were filed for 77,733 U.S. properties in October, a 10% increase from September.
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