Today NAR released a summary of existing home sales data showing that overall existing home sales fell by 3.2 percent from September to October 2013 but are 6 percent higher than October 2012.
The national median existing-home price for all housing types was $199,500 in October, up 12.8 percent from October 2012, which is the 11th consecutive month of double-digit year-over-year increases.
Low inventories, a lower distressed sales share from a year ago, and gains in sales at the high end of the market combined with falling sales at the low end of the market were all factors pushing prices higher.
Next Tuesday, both Case Shiller and FHFA house price data will be released for September. Based on NAR data for the comparable period, expect Case Shiller to show a 12 to 13 percent price gain while FHFA should show a 7 to 8 percent gain.
See the full NAR Existing Home Sales press release here and data tables here.