The market for existing homes cooled slightly in November, the National Association of Realtors said Tuesday, Dec. 22, 2020 after climbing through the late spring, summer and early fall despite the pandemic.
(AP Photo/Michael Conroy)CHARLOTTE, N.C. – The market for existing homes cooled slightly in November, the National Association of Realtors said Tuesday, after climbing through the late spring, summer and early fall despite the pandemic.
Existing home sales fell 2.5% between October and November on a seasonally adjusted basis to 6.69 million annualized units.
Sales of existing homes are still up 25.8% from a year earlier, the trade association said.
___This story has been corrected to say that sales of existing homes totaled a seasonally adjusted 6.69 million units in November and the average sale price was $310,800.