Home resales jump in July

That’s right — up not only 7.2% over June (marking the first time in five years that sales have risen four months in a row) but more importantly, 5.0% over July 2008. (Remember, the year-to-year numbers are a lot more important than month-to-month.)

It gets better. In the South, the July-to-July jump was even bigger — 5.4%. At the same time, the median home price here was down 7.1% over last year.

Good news, even for the cynical among us.

Read the NAR release here.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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One Response to Home resales jump in July

  1. Great News,

    Thanks for sharing such great news.It would be very beneficial to real estate supplier and agents .

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