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NAR: Existing-home sales rise in December nationally, slip for Northeast

Jan 24, 2014
Existing-home sales edged up in December, sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, according to the National Association of REALTORS (NAR).

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, increased 1 percent to a seasonally adjusted annual rate of 4.87 million in December. December closings were 0.6 percent below the 4.9 million-unit level in December 2012.

For all of 2013, there were 5.09 million sales, which is 9.1 percent higher than 2012. It was the strongest performance since 2006, when sales reached an unsustainably high 6.48 million at the close of the housing boom. 

In the Northeast, existing-home sales slipped 1.5 percent to an annual rate of 640,000 in December, but are 3.2 percent higher than December 2012. 

To read the entire NAR press release, click here.
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