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November Existing Home Sales Plunge

OTTAWA-Sales of existing homes in Canada fell sharply in May from the prior month, recording the biggest decline in nearly five years, reflecting measures introduced in the province of Ontario that.

New York (AFP) – Sales of existing US homes fell sharply in November, a decline likely due in part to delays from new mortgage disclosure rules, the National Association of Realtors said Tuesday..

Home sales plunge 41%.. the number of homes for sale in November swelled 12 percent from November 2009. There were 4,105 homes listed for sale on the Peninsula last month.. Existing home.

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Total existing-home sales-which are completed transactions that include single-family homes, townhomes, condos, and co-ops-dropped 6.4 percent in December compared to November. Sales are now down 10.3 percent from a year ago, according to the National Association of REALTORS®’ existing-home sales report, released Tuesday.

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The median existing single-family home price was $255,200, also a 2.9 percent increase. The median condo price gained 2.3 percent to $240,600.Despite slower sales, the housing inventory still declined from 1.74 million existing homes in November to 1.55 million. This is however an improvement from the 1.46 million homes available sale last.

Existing-home sales for November rose 4% to a seasonally adjusted annual rate of 4.42 million units from 4.25 million in October, according to the National Association of Realtors. The reported figure.

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Existing-home sales plummeted 7.1% in February, pointing to ongoing rockiness in a housing market struggling to find its footing. Sales ran at a seasonally adjusted annual rate of 5.08 million.

FILE- In this Oct 2, 2018, file photo a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo. U.S. home sales increased in November for the second.

Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years, according to the National Association of Realtors. All major regions except for.

November existing home sales, according to the National Association of Realtors, plunged 10.5% from October to November. Note that this metric, as calculated, is the NAR’s "seasonally adjusted, annualized rate (SAAR)" metric. The point here is that the plunge in sales can’t be blamed on seasonality or the weather.