Sales of existing homes in the United States increased about 25% in July, the largest-ever single-month gain, the National Association of Realtors said Friday.
Aug.21 (UPI) — Sales of existing homes in the United States increased about 25% in July, the largest-ever single-month gain, the National Association of Realtors said Friday. The 24.7% increase was the largest monthly gain since the NAR first began tracking sales in 1968. Last month also saw the highest sales pace since December 2006. The figure accounts for closed sales that resulted from contracts signed in May and June, the NAR report said, which noted that sales grew as the number of homes on the market declined.
