Mumbai, Nov. 13 -- Existing home sales in the United States decreased by 5.5% in October on a monthly basis to reach a seasonally adjusted annual rate of 3.75 million, the National Association of Realtors (NAR) announced in a report on Thursday. Viewed annually, the sales were 8.8% lower.
The median existing-home sales price for all housing types in the reported month climbed 0.4% from last year to $416,700. The total housing inventory stood at 1.59 million units, up 1.3% from September and 4.6% from October last year.
Published by HT Digital Content Services with permission from Capital Market....