Friday, August 21, 2009

'For the first time in five years, existing-home sales have increased for four months in a row'

– including single-family, townhomes, condominiums and co-ops – rose
7.2 percent to a seasonally adjusted annual rate1 of 5.24 million units in July
from a level of 4.89 million in June, and are 5.0 percent above the 4.99
million-unit pace in July 2008. The last time sales rose for four
consecutive months was in June 2004, and the last time sales were higher than a
year earlier was November 2005.

Strong Gain in Existing-Home Sales Maintains Uptrend - National Association of REALTORS®


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