The National Association of Realtors is reporting that existing-home sales increased in October for the first time in six months.  According to data, there were 5.22 million completed transactions in October with a median price (for all housing types) of $255,400.  In addition there were 1.85 million existing homes for sale at the end of October with properties typically staying on the market for 33 days.  Unsold inventory is at a 4.3-month supply at the current sales pace.

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