Existing home sales decreased 8.6% in November to a seasonally adjusted 4.49 million-unit rate, the National Association of Realtors announced Tuesday.

The sales drop to 4.49 million, compared to the 4.90 million unit pace predicted by Thomson Reuters’ poll of economists followed a revised 4.5% drop to a 4.91 million unit level in October, originally reported as a 3.1% slide to 4.98 million units.

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