Existing Home Sales Rise to 6 1/2 Year High

existing home salesThe national median existing-home price for all housing types was $199,200 in September, up 11.7 percent from September 2012. This is the 10th consecutive month of double-digit year-over-year increases.

Existing Home Sales for September were better than expected according to this morning’s report from the National Association of Realtors.  Existing Home Sales (homes that have been previously occupied) fell 1.9 percent but the consensus estimates were for a decrease of 2.7 percent, so this data was better than expected.

The September report showed an annualized rate of 5.29 million units which is a slight pull back from the August reading of 5.39 million units but it is still better than any reading from January 2011 through June 2013.