November home sales moved barely above the worst crash readings

``Sales moved barely above the worst crash readings in November as the last five months have all registered in the Top 10 of demand weakness. The acid test of price, closed sales in units, here measured at an annualized-and-adjusted rate, clocked in at 4.68 million units/year in November according to the National Association of Realtors. This sales pace is just 150,000 units/year above the worst crash reading for all of 12 years of data — prior to July 2010 when demand died and went away for the winter (Please see chart below of unit sales and note we are worse off than the 2008 crash.).''