Wednesday, September 19, 2012

Big Jump in August Existing Home Sales and New Starts

From DSNews: Existing home sales rose 7.8 percent to 4.82 million in August – the highest level since May 2010 – the National Association of Realtors reported Wednesday.

The median price of an existing single-family home in August was $187,400, down $400 from July but up $16,200 or 9.5 percent from August 2011. The August increase was the strongest since January 2006 when the median price rose 10.2 percent from a year earlier.

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