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NAR: National existing-home sales heat up in May, rise for Northeast

Jun 23, 2014
Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of REALTORS (NAR). 

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, rose 4.9 percent to a seasonally adjusted annual rate of 4.89 million in May. May closings were 5 percent below the 5.15 million-unit pace of May 2013.

In the Northeast, existing-home sales rose 3.3 percent to an annual rate of 620,000 in May, which is 3.1 percent below a year ago. 

To read the entire NAR press release, click here.
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