【NAR】Existing-Home Sales Inch Up 0.8% in October

• Existing-home sales rose 0.8% in October from September to a seasonally adjusted annual rate of 6.34 million, sustaining the growth in sales in the prior month.
• The median existing-home sales price increased 13.1% year-over-year to $353,900.
• From one year ago, the inventory of unsold homes decreased 12% to 1.25 million – equivalent to 2.4 months of the monthly sales pace.

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