The Housing Chronicles Blog: December existing home sales down 3.5 percent from November, but 2017 best in 11 years

Wednesday, January 24, 2018

December existing home sales down 3.5 percent from November, but 2017 best in 11 years

Existing-home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years. In December, existing-home sales slipped 3.6 percent to a seasonally adjusted annual rate of 5.57 million from a downwardly revised 5.78 million in November. After last month’s decline, sales are still 1.1 percent above a year ago.

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