Existing home sales were up 0.8% in October from September to a seasonally adjusted annual rate of 6.34 million, but down 5.8% from October a year earlier when the annual rate was 6.73 million, according to the National Association of Realtors.
The October to September increase was the second monthly hike in a row.
Total housing inventory of 1.25 million units in October represented a 0.8% decline from September and a 12% drop from October 2020 when it was at 1.42 million.
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