NAR Existing-Home Sales Rise 0.5% in November

Producer Kailyn Bennett reports on the latest National Association of REALTORS® data showing existing-home sales rose 0.5% in November to a seasonally adjusted annual rate of 4.13 million. While sales increased for the third straight month, inventory tightened to 4.2 months of supply, and the national median home price rose 1.2% year over year. The report also shows mixed regional trends, stronger single-family home sales compared to condos, and a growing share of investor and second-home buyers, as mortgage rates declined in November. 🏡 Want to come to RealWealth's Live Event? Visit www.Realwealth.com/Expo to learn more.  JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1  SOURCE: https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-0-5-increase-in-november