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NAR Chief Economist, Lawrence Yun (PRNewsfoto/National Association of Realtors)
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https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.7% from November to a seasonally-adjusted annual rate of 6.76 million in December. Sales in total rose year-over-year, up 22.2% from a year ago (5.53 million in December 2019). Home sales rose in December, and for 2020 as a whole, we saw sales perform at their highest levels since 2006, despite the pandemic, said Lawrence Yun, NAR s chief economist. What s even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market.
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