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Existing Home Sales Rise Slightly for the First Time in Four Months

Posted To: MND NewsWire

Existing home sales snapped a four-month losing streak in June. Sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments, rose 1.4 percent on a seasonally adjusted annual basis to 5.86 million units, 22.9 percent higher than the 4.77 million rate in June 2020. Activity was higher month-over-month in three of the four major regions of the country. The National Association of Realtors® (NAR) said the percentage gain during the month was consistent across total sales and both of its components. Sales of single-family homes and condos were also up 1.4 percent to 5.14 million and 720,000 annual units, respectively. Single-family sales were 19.3 percent higher on an annual basis while condo sales gained 56.5 percent year-over-year. Analysts polled by Econoday…(read more)

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