Total existing-home sales ?EUR??,,????'??? including single-family, townhomes, condominiums and co-ops ?EUR??,,????'??? eased 1.7 percent to a seasonally adjusted annual rate of 6.97 million units in November from a pace of 7.09 million in October. Sales were 0.1 percent below the 6.98 million-unit level in November 2004.

?EUR??,,????'??The current pace of home sales activity remains historically strong ?EUR??,,????'??? only eight months have had a higher sales pace,?EUR??,,????'?? David Lereah, NAR?EUR??,,????'???s chief economist said. ?EUR??,,????'??A modest downtrend, to a sales volume that is expected to be the second-best year ever in 2006, will be good for the long-term health of the housing sector.?EUR??,,????'??

The national median existing-home price for all housing types was $215,000 in November, up 13.2 percent from November 2004 when the median was $190,000.

Single-family home sales were down 1.9 percent to a seasonally adjusted annual rate of 6.11 million in November from 6.23 million in October, and were 0.5 percent below a 6.14 million-unit pace in November 2004. The median single-family home price was $213,500 in November, which was 13.5 percent higher than a year ago.

Existing condominium and cooperative housing sales slipped 0.8 percent to a seasonally adjusted annual rate of 857,000 units in November from a level of 864,000 in October. Last month?EUR??,,????'???s sales activity was 2.0 percent higher than the 840,000-unit pace in November 2004. The median condo price3 was $225,300, up 10.7 percent from a year ago.

Regionally, total existing-home sales in the South eased by 0.7 percent in November to a level of 2.74 million, but were 3.8 percent higher than November 2004. The median price in the South was $184,000, up 8.2 percent from November 2004.

Existing-home sales in the Midwest slipped 1.3 percent to annual pace of 1.56 million in November, and were 0.6 percent below a year ago. The median price in the Midwest was $170,000, which was 10.4 percent higher than November 2004.

Total existing-home sales in the Northeast declined 2.7 percent to an annual sales rate of 1.09 million units in November, and were 4.4 percent lower than November 2004. The median price in the Northeast was $250,000, up 9.2 percent from a year ago.