” Existing-home sales remained steady in August after four straight months of decline,” the National Association of Realtors reported on Thursday.
Key quotes from the press release
- Total existing-home sales did not change from July and remained at a seasonally adjusted rate of 5.34 million in August.
- Sales are now down 1.5 percent from a year ago (5.42 million in August 2017).
- The median existing-home price for all housing types in August was $264,800, up 4.6 percent from August 2017 ($253,100).
- August’s price increase marks the 78th straight month of year-over-year gains.
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