National Association of Realtors reported Tuesday that existing homes sales decreased 1% to a seasonally adjusted 4.94 million homes in December.
This decline nevertheles resulted in growth 12.8% compared to 2011 year. The median existing-home price rose 11.5% from the prior year to 180,800.
The November data were revised to 4.99 million from 5.04 million prior.
The inventories fell 8.5% to 1.82 million in December, the lowest ratio since 2005.