Monthly sales of pre-owned residential properties rose. Record prices are being paid for existing homes as properties fly off the market. Time on market was a record low.
On a preliminary basis, there were 555,000 existing single-family homes, townhomes, condominiums and co-operatives sold during May.
That was greater than the revised 447,000 in the preceding month and the single best month for existing home sales since June 2016’s volume of 582,000.
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From:: Financing