US existing home sales rose 1.9% monthly in November, up for the third straight month to 6.46 million units.
However, the figure was worse than expected, as analysts had forecast sales of 6.52 million units.
In addition, on an annual basis, compared to November 2020, sales fell by 2%.
The scarcity of supply continued to drive prices up. The median price for existing home sales rose to $ 353,900 in November, up 13.9% year-on-year.
However, the rate of price growth slowed down, compared to + 20% yoy at the beginning of the year.
The rise in sales also affected more expensive homes in particular, with home sales valued at between $ 750,000 and $ 1 million increasing 37% year-on-year, and those with prices above $ 1 million jumping 50%.
Sales of homes priced between $ 100,000 and $ 250,000 fell by 19% instead.