With one month to go in the calendar year, the pattern in the residential real estate industry is holding steady.
That is, sales are lower, prices are higher and affordability is a concern.
The Buffalo Niagara Association of Realtors reported 917 single-family home transactions in November, an 11.4 percent drop from 1,035 a year ago.
Again, inventory — or lack of it — was a factor with 3,034 properties up for sale. That is off 3.2 percent from 3,135 year-over-year.
