Existing-Home Sales Tick Up 0.5 Percent in November as Inventory Growth Stalls

A for sale sign is posted in front of a home in San Rafael, Calif., in this file photo. Justin Sullivan/Getty ImagesExisting home sales across the country inched up by 0.5 percent in November, while the median price for all housing types continued to rise by 1.2 percent, to $409,200—the 29th consecutive month of year-over-year price increases, according to the National Association of Realtors (NAR).The Dec. 19 report also indicated that month-over-month home sales grew in both the Northeast and South, fell in the Midwest and remained unchanged in the West. When compared with year-over-year sales, the Northeast and South were stagnant, while sales dropped in both the Midwest and West.