Tag Archives: NAR: Buyer traffic up 29% from a year ago

Existing-home sales improved for the second month in a row in May, up significantly from a year ago, while the median sales price continued to increase by double-digit rates from one-year prior, according to data from the National Association of Realtors. Existing-home sales  completed transactions including single-family homes, townhomes, condominiums and co-ops  rose 4.2% to a seasonally adjusted rate of 5.18 million, up from 4.97 million in April. Last month’s numbers are 12.9% above the 4.59 million-unit pace in May 2012. NAR Chief Economist Lawrence Yun said the recovery is […]