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September 23, 2020

Home sales rise 2.4% in August

  • The median price for an existing single-family home breached $300K for the first time.
    • By MATT OTT
    AP Business Writer

    SILVER SPRING, Md. — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak.

    The National Association of Realtors said Tuesday that sales rose to a seasonally adjusted annual rate of 6 million homes sold last month. Sales are up 10.5% from a year ago and back to pre-COVID-19 levels of early 2020.


     
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