U.S. Previously Owned Home Sales Climb to Three-Month High - Bloomberg

It's a solid seller's market.  Prices are up 6.3 percent (median) and inventory is down 3.6 percent.  Follow the link below to view the entire Bloomberg article.  Data source is per the National Association of Realtor.

Key Points in Report:

Contract closings rose 1.7 percent to a 5.45 million annual rate (forecast was 5.4 million)

Purchases climbed 4.9 percent from April 2015, before seasonal adjustment

Median price of an existing home rose 6.3 percent from April 2015 to $232,500, the highest since June 2015

Sales in the Midwest jumped 12.1 percent to a 1.39 million pace, the strongest since December 2006; purchases were also up in the Northeast

Inventory of available properties dropped 3.6 percent from April 2015 to 2.14 million units


LInk to Bloomberg article: U.S. Previously Owned Home Sales Climb to Three-Month High - Bloomberg:

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