Existing home sales
Sales of previously-owned homes rose by 2.4% in September to an annualized pace of 5.17 million units. Sales of condominiums and apartments rose by 5.2% to the highest level since last October as sales of single-family homes added 2% rising to the strongest reading in a year. The September level is close to the high-water mark of 5.38 million units set in July 2013. Sales rose across all regions but the Midwest reducing supply to 5.3 months at the current pace of sales, with a total of 2.3 million homes for sale on the market. Median prices rose to $209,700 in September for a gain of 5.6% over one year ago.
Chart shows sales of previoulsy-owned homes rise to one-year high.