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International Business Times
International Business Times
Carla St. Louis

Existing Home Sales Surge To Strongest Annual Increase In Over Three Years

NAR NorthEast South
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. (Credit: PATRICK T. FALLON/AFP via Getty Images)

Existing-home sales saw a significant increase in November, climbing 4.8% from an annual rate of 4.15 million, specifically in the Northeast and South.

This marks the highest pace since March and a 6.1% year-over-year increase, the strongest since June 2021, according to findings from the National Association of Realtors (NAR).

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