Existing Home Sales Rise in October

Washington, DC, Nov. 19, 2012 -- Home resales rose 2.1% in October to a seasonally adjusted annual rate of 4.79 million, according to the National Association of Realtors.

September was revised down to 4.69 million.

Sales are up 10.9% from a year ago.

The median existing-home price rose 11.1% from last year to $178,600.

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