9-19-2013 Improved market in the last 5 Years
www.HomeCatch.com offers the August 2013 Housing Market results from DS News…. and it’s Grrrreat News !!
August Existing Home Sales at Pre-Recession High
Existing home sales rose an unexpected 6.5 percent in August to an annual sales rate of 5.48 million, the highest level since February 2007 – four months before the onset of the Great Recession — the National Association of Realtors reported Thursday.
Economists surveyed by Bloomberg expected existing home sales to drop to 5.255 million from July’s originally reported July’s 5.39 million sales pace which was unchanged in today’s report.
The increase in sales came as the median price of an existing single family home in August dipped slightly from July, down $300 to $212,100. It was the second straight month-month price drop.The inventory of homes for sale edged up to 2.25 million from 2.24 million in July, computing to a 4.9 month supply down from 5.0 in July and the lowest since February’s 4.7 month supply.
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