In the Rome, GA market in November, sales of new homes fell year-over-year, and the decline was by a larger percentage than the October 2011. New home sales moved from four a year earlier to none after the figure moved from four in October 2010 to one in October 2011.

A total of 15 new homes were sold during the 12 months that ended in November, down from 19 for the year that ended in October.

New home sales were none out of the 73 total sales, down on a percentage basis from four of 72 a year earlier. After dropping in October from a year earlier, sales of new and existing homes increased year-over-year in November.

Foreclosures and real estate owned (REO) sales declined in November from a year earlier, but stayed a drag on the market. Foreclosures and REO sales, taken together, represented 50.7% of existing sales, lower than 64.7% a year earlier. The percentage of existing home sales involving foreclosures dipped to 32.9% in November from 42.6% a year earlier while REO sales as a percentage of existing home sales fell to 17.8% from 22.1% a year earlier.

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