Sales of previously occupied U.S. homes rose in November from the previous month, but slowed compared to a year earlier for the first time since May despite average long-term mortgage rates holding near their low point for the year. The National Association of Realtors said Friday that existing home sales rose 0.5% in last month from October to a seasonally adjusted annual rate of 4.13 million units. Sales fell 1% compared with November last year. The latest sales figure came in slightly below the 4.14 million pace economists were expecting, according to FactSet. The national median sales price increased 1.2% in November from a year earlier to $409,200.
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