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Rocky Mountain Real Estate News
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.@CNBC's @DianaOlick reports on new existing home sales data for August, which show sales at a 17-month high. #NAREHS
Existing home sales at their fastest pace since March 2018
CNBC's Diana Olick reports on new existing home sales data for August, which show sales at a 17-month high.
ow.ly
First-time buyers were responsible for 31% of sales in August; Individual investors purchased 14% of homes in August 2019; All-cash sales accounted for 19% of transactions in August; Distressed sales represented 2% of sales in August. #NAREHS
Overall sales are up 2.6% from a year ago (5.35 million in August 2018). #NAREHS
The median existing-home price for all housing types in August was $278,200, up 4.7% from August 2018 ($265,600). August’s price increase marks the 90th straight month of year-over-year gains. #NAREHS
