Existing Home Sales Plummet In December

Existing Home Sales Plummet By Double Digits In December. NAR Downplays Effect Of Government Shutdown.

Existing Home Sales
Existing home sales plummeted by double digits in December compared to the year before.
Both October and November saw gains in existing home sales. Yet, that all abruptly changed according to the latest Existing Home Sales report from the National Association of Realtors.
Total existing home sales decreased 6.4% from November to a seasonally adjusted rate of 4.99 million sales in December. Existing home sales fell a full 10.3% from December 2017’s 5.56 million sales.
This is the first time in three years that existing homes sales slipped below 5 million sales.

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