Existing-home sales up 15 percent in June

The latest figures from NAR show that sales of existing homes (single-family houses, condos/co-ops, and townhomes) were up 15.2 percent in June from the year before.

Meanwhile, inventory was down 7.6 percent from a year ago, while median nationwide prices were up 13.5 percent from June 2012. (That’s 16 consecutive months of year-over-year price increases, btw.)

NAR’s headline, for some reason, focuses on month-to-month numbers for sales, but year-to-year numbers for prices. Go figure.

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 Existing-home sales up 15 percent in June

  1. It’s really great to see that the real estate market (and economy in general) seems to continue to recover. I cannot wait until life returns to pre 2007 status (minus all of the corruption related to mortgage back securities).

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