In last month's report, existing-home sales surged 10.1 percent to an annual rate of 6.10 million units in October from a downwardly revised pace of 5.54 million in September. Sales activity is at the highest pace since February 2007 when it hit 6.55 million. Total housing inventory at the end of October fell 3.7 percent to 3.57 million existing homes available for sale, which represents a 7.0-month supply at the current sales pace, less than the revised for the worse 8.0-month supply which was reported in September. The national median existing-home price for all housing types was $173,100 in October, down 7.1 percent from October 2008. In November, the NAR reports that sales of previously owned homes rose 7.4% to an annual rate of 6.54 million sales. Single family homes led the overall index higher, recording an uptick from 5.32 million sales to 5.77 million annual sales. While single family unit sales were up 8.5%, Condo sales were unchanged from last month's print. Also, both metrics improved at a slower pace than the October/September month over month gains (see table below)....