Source: Realtor.com —
The numbers: Existing-home sales decreased 4.6% between November and December, hitting a seasonally-adjusted, annual rate of 6.18 million, the National Association of Realtors said Thursday. Compared to a year ago, sales were down more than 7%.
Economists polled by MarketWatch had projected existing-home sales to come in at 6.48 million.
Overall in 2021, though, existing-home sales reached the highest level since 2006, a sign of the strong demand among buyers nationwide in light of the short supply of properties on the market.
