Steel Markets
September 18, 2019
Existing Home Sales Increase for Second Month
Written by Sandy Williams
Existing home sales grew for the second consecutive month with three U.S. regions reporting higher gains, said the National Association of Realtors. Sales rose 1.3 percent from July to a seasonally adjusted annual rate of 5.49 million in August. Sales were up 2.6 percent from a year ago. Sales of single-family homes rose 2.9 percent from August 2018, while sales of condos and co-ops increased 1.7 percent.
The median sales price rose 4.7 percent from a year ago to $278,200. The single-family median home price rose 4.7 percent year-over-year to $280,700, and the condos and co-op median price jumped 5.2 percent to $257,600.
