Existing Home Sales, Prices, Continue To Rise
Washington, DC, June 24, 2013 -- Existing-home sales in May rose 4.2% to the highest rate since November 2009, according to the National Association of Realtors.
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Sales of existing homes in May, a seasonally adjusted annual rate of 5.18 million, were 12.9% higher than during the same period last year.
Meanwhile, the median existing-home price hit $208,000 in May, the highest since 2008. That's up 15.4% from the same period last year.