Existing-home sales up again in September
Source: National Association of Realtors
WASHINGTON — Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, jumped 10.0 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August.
These sales remain 19.1 percent below the 5.60 million-unit pace in September 2009 when first-time buyers were ramping up in advance of the initial deadline for the tax credit last November.
The national median existing-home price for all housing types was $171,700 in September, which is 2.4 percent below a year ago.
Distressed homes accounted for 35 percent of sales in September compared with 34 percent in August; they were 29 percent in September 2009.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- Mississippi no longer has highest unemployment rate in nation
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Once the bane of only Southerners, kudzu is migrating north and west
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Senators push for protecting steel producers from imported rebar
- FEMA awards grant to defray costs of moving tornado-damaged hospital