Home sales climb 1.7 percent in August
Today, the聽聽(NAR) released their聽聽August showing a 聽increase in sales with total home sales climbing 1.7% since July rising 13.2% above the level seen in August 2012.聽
Single family home sales also improved climbing 1.7% from July and rising 12.8% above the level seen in August 2012 while the median selling price increased a notable 14.4% above the level seen a year earlier.聽
Inventory of single family homes increased from聽July to 2.01 million units but still remained 5.6% below the level seen in聽August 2012 which, along with the sales pace, resulted in a monthly supply of 5.0 months.聽
