Existing-Home Sales Jump to Highest Level Since 2009

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From DS News

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.

 

-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
Cell 510 388 2436 / Fax 877 437 9877  sunil@sunilsethi.com

www.sunilsethi.com  

CA DRE#: 01173766

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