Local Home Sales Show Mixed Results ; Sales Rise in November, but Other Indicators Fall

Summary

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Home sales in Buffalo Niagara rose 8 percent in November from a year before, but pending activity, prices and new listings all fell, as the local housing market continued to struggle with a mixed performance.

Closed sales rose to 701 from 647 in November 2010, although that's down 3 percent from 722 in October, according to new figures from the Buffalo Niagara Association of Realtors.

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Extract

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Local Home Sales Show Mixed Results ; Sales Rise in November, but Other Indicators Fall

However, while the 2011 tally remains below the record levels of 2006 through 2009, it's higher than each of the five previous years.

BNAR reports only sales handled by area ...

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