“July home sales spike a record 24.7% as prices set a new high”
August 21, 2020
“Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. That’s the strongest monthly gain in the history of the survey, going back to 1968, and the highest sales pace since December 2006.
Sales were 8.7% higher from July 2019. The numbers represent closed sales, meaning contracts signed in May and June. The increase in sales came as supply fell, prices rose and mortgage rates stayed low…”