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NAR: Existing-home sales down in September, remain above year-ago levels

Oct 22, 2013
Existing-home sales declined in September after hitting the highest level in nearly four years, but limited inventory conditions continued to pressure home prices in much of the county, according to the National Association of REALTORS (NAR).

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, fell 1.9 percent to a seasonally adjusted annual rate of 5.29 million in September. September closings were 10.7 percent above the 4.78 million-unit pace of September 2012.

In the Northeast, existing-home sales declined 2.8 percent to an annual rate of 690,000 in September, but are 15 percent above year-ago levels.

To read the entire NAR press release, click here.
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