Posted by: Marvin Remmich | May 22, 2013

Existing-Home Sales Jump to Highest Level Since 2009

Existing-home sales rose 0.6 percent in April to an annual sales rate of 4.97 million, the
highest level since November 2009, the National Association of Realtors
reported Wednesday. Economists had expected a 1.6 percent increase to 5.0
million from March’s original report of 4.92 million sales. March sales were
adjusted upward to 4.94 million.
The median price of an existing single-family home jumped 11 percent
year-over-year to $192,800, the highest since August 2008.

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