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WASHINGTON — Existing home sales during November 2006 increased by 0.6% to 6.28 million units on an annualized basis according to NAFCU’s recently released Macro Data Flash on existing home sales. It was the second month in a row that existing home sales have jumped, an occurrence that last happened more than a year ago.

Despite the increase, existing home sales are down 10.7% from November 2005 figures. The median price of an existing home fell 3.1% to $218,000 from one year ago. It is the fourth consecutive monthly decline in existing home prices.

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