【NAR】Existing-Home Sales Dipped 7.7% in November

• Existing-home sales fell for the tenth consecutive month to a seasonally adjusted annual rate of 4.09 million. Sales slipped 7.7% from October and 35.4% from the previous year.
• The median existing-home sales price rose to $370,700, an increase of 3.5% from one year ago.
• The inventory of unsold existing homes retreated for the fourth straight month to 1.14 million at the end of November, or the equivalent of 3.3 months' supply at the current monthly sales pace.

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