- Northeast: existing-home sales dropped 1.3 percent to an annual rate of 760,000, but remain 5.6 percent higher than a year ago. Median price: $284,800, which is 1.4 percent above a year ago.
- Midwest: existing-home sales climbed 3.8 percent to an annual rate of 1.35 million and are now 4.7 percent higher than a year ago. Median price: $199,900, up 5.7 percent from a year ago.
- South: existing-home sales remained unchanged from May at an annual rate of 2.26 million in June, yet are up 3.2 percent above a year ago. Median price: $217,400, up 5.5 percent from a year ago.
- West: existing-home sales increased 1.7 percent to an annual rate of 1.20 million in June, but are still 0.8 percent below a year ago. Median price: $350,800, which is 7.2 percent above a year ago.
- Source: National Association of Realtors
Published by BethMannRealEstateLaw
- Illinois Attorney with over 20 years experience.
- My law firm concentrates on Real Estate law primarily REO, short sales and transactional closings.
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- Juris Doctorate from John Marshall Law School in 1990.
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