Existing °®¶¹´«Ã½ Sales Rise to Highest Level Since May
Existing home sales rose for a fourth straight month in January, reaching the highest level since May, the National Association of Realtors said Wednesday.
Sales rose 4.3% to 4.57 million homes from a revised 4.38 million in December that was smaller than first reported.
The level was short of economists’ median forecast of a 4.66 million rate, Bloomberg reported.
The median price of existing homes slipped 2% from a year ago, to $154,700, while single-family home sales rose 4.6%.
ÌýSales of existing single-family homes rose 3.8% to an annual rate of 4.05 million.
Sales increased in all four national regions, led by an 8.8% jump in the West.
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