The National Association of Realtors is reporting that existing home sales were up 0.8% in November to a seasonally-adjusted annual rate of 3.82 million (down 7.3% year over year). Total housing inventory at the end of November was 1.13 million units, down 1.7% from October but was up 0.9% from one year ago. Unsold inventory sits at a 3.5-month supply at the current sales rate with properties remaining on the market for around 25 days. The median existing-home price for all housing types in November was $387,600, up 4% from one year ago.
Click here to read the full report at the National Association of Realtors.
