Existing-Home Sales Decreased 0.7% in August
The median existing-home sales price climbed 3.9% from one year ago to $407,100 – the third consecutive month the median sales price surpassed $400,000.
- The median existing-home sales price climbed 3.9% from one year ago to $407,100 – the third consecutive month the median sales price surpassed $400,000.
- Existing-home sales moved lower in August, according to the National Association of Realtors®.
- Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West.
- Distressed sales[5] – foreclosures and short sales – represented 1% of sales in August, unchanged from last month and the previous year.