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NAR: Existing-home sales decline in November

Dec 23, 2013
Existing-home sales fell in November, although median prices continue to show strong year-over-year growth, according to the National Association of REALTORS (NAR).

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, dropped 4.3 percent to a seasonally adjusted annual rate of 4.9 million in November. November closings were 1.2 percent below the 4.96 million-unit pace of November 2012.

In the Northeast, existing-home sales declined 3 percent to an annual rate of 650,000 in November, but are 6.6 percent above November 2012.

To read the entire NAR press release, click here.
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