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The Boston Globe

Business

Home sale measure drops slightly

WASHINGTON — A measure of Americans who signed contracts to buy homes fell last month after reaching a 2½-year high in November. Sales were held back by a limited supply.

The National Association of Realtors said Monday that its seasonally adjusted index for pending home sales dropped 4.3 percent in December from November to 101.7. That’s still 6.9 percent higher than a year ago.

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