The National Association of Realtors by 0.5% in October, the first increase since February, as buyers were lured by falling prices, the third consecutive monthly price drop. The median price for all existing homes fell 3.5% when compared to October of 2005, the largest decrease since the NAR began keeping records in 1968. This is also the first time that existing prices have fallen for three consecutive months.
Prices in the South fell the furthest, dipping 7%. Florida caused a huge drag on the region with a whopping 22% decrease in prices from October 2005.
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