Condo Sales Stoke Existing Home Numbers

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Posted To: MND NewsWire

The National Association of Realtors® (NAR) said today that existing home sales sustained their recent momentum into April and rose 1.7 percent compared to March. Completed transactions that include single-family homes, townhomes, condominiums and co-ops, sold at a seasonally adjusted annual rate of 5.45 million compared to 5.36 million in March. The March number was revised upward from 5.330 million giving sales two solid months of gains. Sales are now running 6.0 percent ahead of April 2015. The level of sales was at the upper range of analysts’ expectation, 5.350 million to 5.460 million. The consensus as reported by Econoday was 5.400 million. It was condo and co-op sales that drive the monthly increase; single-family home sales increased only slightly, up 0.6 percent to a seasonally…(read more)

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