Existing-Home Sales Tick Up 0.5 Percent in November as Inventory Growth Stalls

Existing home sales across the country inched up by 0.5 percent in November, while the median price for all housing types continued to rise by 1.2 percent, to $409,200—the 29th consecutive month of year-over-year price increases, according to the National Association of Realtors (NAR).

The Dec. 19 report also indicated that month-over-month home sales grew in both the Northeast and South, fell in the Midwest and remained unchanged in the West. When compared with year-over-year sales, the Northeast and South were stagnant, while sales dropped in both the Midwest and West.