Tag Archives: Existing home sales dip monthly but rise 15.2% annually

Existing-home sales fell from May levels, but have managed to beat out year ago levels for the past two years. Home values continue to rise with the median home price seeing a double-digit year-over-year increase for the seventh consecutive month, according to the National Association of Realtors. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops dropped 1.2% to a seasonally adjusted annual rate of 5.08 million in June, falling from a downwardly revised 5.14 million in May. However, sales are 15.2% higher than the 4.41 […]