Existing-home sales improved last month and remain solidly above a year ago, according to the National Association of REALTORS®. Total existing-home sales, which are completed sales of single-family homes, townhomes, condominiums, and co-ops, rose 4.2 percent to a seasonally-adjusted annual rate of 5.18 million in May. That number was 4.97 million in April, and is 12.9 percent higher than the 4.59 million-unit pace experienced last May.
Source: National Association of REALTORS®
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