Existing home sales slip in December

December Existing Home Sales Infographic /PRNewsfoto:National Association of Realtors

But Realtors say 2017 was the best sales year since 2006

Builder

Existing-home sales ended the year with a whimper but managed to maintain the best sales record in 11 years, the National Association of Realtors reported Wednesday.

December existing-home sales slipped 3.6% to a seasonally adjusted annual rate of 5.57 million from a downwardly revised 5.78 million in November, the NAR said. Still, even with last month’s decline, sales came in 1.1% ahead of a year earlier at 5.45 million, the highest since the group reported 6.48 million sales in 2006.

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