Some
Highlights:
- Existing home sales
have accelerated to the highest pace since February 2007 at an annual
pace of 5.57 million.
- Inventory of homes for
sale remains below the historically normal 6-month mark at a 4.6-month
supply, down 5.8% year-over-year.
- Median home sales
prices rose to $247,700, 4.8% higher than a year ago and replaced the
previous peak in May of $238,900.
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