Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to a just-released report from the National Association of Realtors.
Nationwide, existing-home sales rose 1.5 percent in October from September. Sales are at their highest annual pace since September 2013 and are now above year-over-year levels (2.5 percent) for the first time since last October. In Dallas-Forth Worth, home sales were up sharply at 5.7 percent year-over-year.
The median existing-home price nationwide was $208,300, which is 5.5 percent above October 2013. In D-FW, the median home price was $182,000, also up 5.5 percent. October marked the 32nd consecutive month of year-over-year price gains.
After a modest decline nationwide in August, existing-home sales bounced back in September to their highest annual pace of the year, according to a just-released report from the National Association of Realtors. All major regions of the country except the Midwest experienced gains.
Single-family home sales rose 2 percent in September over August, but are 1.9 percent below the pace a year ago. Nationwide, the median single-family home price was $210,300, up 5.9 percent from September 2013. In Dallas-Fort Worth, that number was $185,000, up 9.3 percent.
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