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NAR: Existing-home sales jump again in October

Nov 28, 2016
Existing-home sales ascended in October for the second straight month and eclipsed June’s cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of REALTORS (NAR). 
Total existing-home sales grew 2 percent to a seasonally adjusted annual rate of 5.6 million in October from an upwardly revised 5.49 million in September. October’s sales pace is 5.9 percent above a year ago, and surpasses June’s pace as the highest since February 2007. 
October existing-home sales in the Northeast climbed 1.4 percent to an annual rate of 750,000, and are now 1.4 percent above a year ago. 
To read the entire NAR press release, click here.
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Empire State housing market stays hot in January

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