【Zillow】August Existing Home Sales: Gaining Momentum

• Existing home sales rose 1.3% from July to a seasonally adjusted annual rate (SAAR) of 5.49 million in August, according to the National Association of Realtors. They were up 2.6% from a year ago.
• The median price for existing homes in August was $278,200, up 4.7% from a year earlier ($265,600). It was the 90th straight month of year-over-year price gains.
• Total housing inventory at the end of August fell 2.1% from July to 1.86 million. That’s a 2.6% decrease from 1.91 million in August 2018.

read more