Home Sales Continue To Rise Despite Low Inventory

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Real Estate

Existing home sales continued their surge in September, marking the fourth consecutive month of a strong upward trajectory, according to the National Association of Realtors.

Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climb in both categories.

Total existing home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 9.4% from August to a seasonally-adjusted annual rate of 6.54 million in September. Overall sales rose year-over-year, up 20.9% from a year ago (5.41 million in September 2019).

Click here for more information: https://www.forbes.com/sites/brendarichardson/2020/10/22/home-sales-continue-to-rise-despite-low-inventory/#714beb203a2c