According to MSNBC, during the month of November, more homebuyers purchased previously owned homes than new homes. Although this rise reflects the 3rd increase in 4 months, 2010 is turning out to be the worst year for homes sales in over a decade.

The national median sales price of homes sold in November was $170,600, which is to say that half of the homes sold for less than that price and half of the homes sold for more. Most markets have seen a large decrease in home prices and many potential homebuyers believe that prices could fall even further.

However, November marked a rise in home sales in all regions across the nation due to a 6.7 rise in single family home sales, pushing the inventory of unsold homes down to 3.71 million units by the end of the month.