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After a small decline in August, September existing-home sales grew to the highest levels in 2014, according to the National Realtor Association. Sales in August were 5.05 million and climbed to 5.17 million in September, still 1.7 percent below last September’s numbers.
Lawrence Yun, an economist at the National Realtor Association, says, “low interest rates and price gains holding steady led to September’s healthy increase, even with investor activity remaining on par with last month’s marked decline.”
Not only did existing-home sales increase, but also the median existing-home price. This September’s existing-home price was $209,700 or 5.6 percent higher than September 2013, “the thirty-first consecutive month of year-over-year price gains.”
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