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NAR: Existing-home sales surge in July for Northeast and nationally

Aug 26, 2013
Existing-home sales rose strongly in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of REALTORS (NAR).

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, increased 6.5 percent to a seasonally adjusted annual rate of 5.39 million in July. July closings were 17.2 percent above the 4.6 million-unit pace of July 2012.

In the Northeast, existing-home sales also rose, surging 12.7 percent to an annual rate of 710,000 in July. This is 20.3 percent above year-ago levels.

To read the entire NAR press release, click here.
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