WASHINGTON (AP) - For the second time in two days, there's a sign that the housing market has firmed recently.
A real estate trade group says sales of previously-owned homes rose six-tenths of one percent last month. At the same time, the National Association of Realtors says the price of homes sold dropped for a fourth straight month.
Sales had risen one-half of a percent in October, marking the first back-to-back sales gains since spring 2005.
The median price of an existing home sold dropped to 218-thousand. That's down more than three percent from a year ago.
The Commerce Department reported that new home sales rose 3.4 percent last month.
(Copyright 2006 by The Associated Press. All Rights Reserved.)
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