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NAR: Existing home sales strong in May, jump more than 11 percent for Northeast

Jun 23, 2015
Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of REALTORS (NAR). 
 
Total existing-home sales, which include single-family townhomes, condominiums and co-ops, rose 5.1 percent to a seasonally adjusted annual rate of 5.35 million in May. May closings were 9.2 percent above a year ago.
 
In the Northeast, May existing-home sales jumped 11.3 percent to an annual rate of 690,000, and are 11.3 percent above a year ago.
 
Click here to read the entire NAR press release.
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