Commentary Existing Home Sales declined 4.6 percent for the month but sales are at the highest annual total since 2006. Highest Annual Sales Since 2006 The National Association of Realtors (NAR) reports Annual Existing-Home Sales Hit Highest Mark Since 2006. Key Highlights In 2021, existing-home sales totaled 6.12 million—an increase of 8.5 percent from the prior year and the highest annual level since 2006. At the end of December, the inventory of unsold existing homes fell to an all-time low of 910,000, which is equivalent to 1.8 months of the monthly sales pace, also an all-time low since January 1999. In December, existing-home sales on a seasonally adjusted annualized rate slowed to 6.18 million, a 4.6 percent decrease from November. Housing Snapshot NAR Optimistic “December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing,” said Lawrence Yun, …