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Existing Home Sales Rebound after August Dip

Thursday, October 22, 2015

The sharp downturn in existing home sales in August now seem little more than a fluke as sales resumed their positive pattern in September.  The National Association of Realtors® (NAR) said today that sales of existing single family homes, condos, townhouses, and coops rose last month by 4.7 percent, about the same size of the previous month's decline.

Sales were at a seasonally adjusted annual rate of 5.55 million compared to a slight downwardly revised 5.30 million in August. The increase was above the highest of analysts' estimates which ranged from 5.25 million to 5.50 million with a consensus of 5.35 million.

 

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