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Home Sales Highest and Inventory Lowest in More than Two Years PDF Print E-mail
Tuesday, 27 October 2009 08:55
Mark J. Perry submits:

Highlights from Friday's report on existing home sales:

Existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 9.4% to a seasonally adjusted annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2% higher than the 5.10 million-unit pace in September 2008. Sales activity is at the highest level in over two years, since it hit 5.73 million in July 2007 (see top chart above).


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