Existing-Home Sales in August

According to the National Association of Realtors (NAR), “Total existing-home sales…rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in August from an upwardly revised 4.67 million in July, and are 18.6 percent higher than the 4.24 million unit level in August 2010.” The western region of the country continues to experience the highest levels of existing-home sales at 18.3% over July 2011 data. However, the West also saw a decrease of 13% in the median price of existing-homes from a year ago. http://bit.ly/ncMxjS

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