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Prices Still Rising But at Subdued Pace

About 87 percent of REALTORS® who responded to NAR’s monthly survey reported constant or rising prices compared to prices a year ago for a typical transaction. However, prices are increasing at a more subdued pace. Approximately 12 percent of reported sales in November were of properties that sold at a net premium compared to the original listing price, compared to 20 percent in mid-2013. See the November REALTORS® Confidence Index Survey report at http://www.realtor.org/reports/realtors-confidence-index.