US Existing-Home Sales Edge Up With Help From Tamer Prices (1)

Existing-home sales in the US barely rose in November, as a recent moderation in price growth and mortgage rates motivated buyers at the margin.

Contract closings ticked up 0.5% to an annual rate of 4.13 million last month, according to National Association of Realtor figures released Friday. That was the highest since February but down 7% from a year ago on an unadjusted basis.

Meantime, the median sales price increased 1.2% from a year ago to $409,200. That was one of the weakest gains since mid-2023.

“Existing-home sales increased for the third straight month due to ...