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NAR: Existing-home sales increase in June national and for Northeast

Jul 23, 2014
Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of REALTORS (NAR). 

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, rose 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June. June closings were 2.3 percent below the 5.16 million-unit pace of June 2013. 

In the Northeast, existing-home sales rose 3.2 percent to an annual rate of 640,000 in June, which is 3 percent below a year ago.

To read the entire NAR press release, click here.
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