According to the National Association of Realtors (NAR) existing home sales rose 7.8 percent in August for the month, and are 9.3 percent higher than August 2011. Also marking its sixth consecutive month of improvement, the national median price rose to $187,400.00 in August, up 9.5 percent year over year. The August increase was the strongest since January 2006 when the median price rose 10.2 percent from a year earlier. It is great news for sellers that been waiting for the past 3 years to sell their home.
Maria E. Cipollone
Century 21 Tenace