Sales of existing homes climb 2.3% in July – Marketwatch


 

By Steve Goldstein

WASHINGTON (MarketWatch) — Sales of existing homes climbed 2.3% to a seasonally adjusted annual rate of 4.47 million in July, the National Association of Realtors reported Wednesday, coming in roughly in line with the 4.5 million consensus. The median price of existing homes climbed 9.4% year-on-year to $187,300, and inventories rose 1.3% to 2.4 million units, representing 6.4 months of supply.

 

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  1. #1 by eaglecountytimes on August 22, 2012 - 3:55 pm

    One thing we can say about Terry – no matter what is going on in today’s real estate market – the “glass is aways – half full” in Terry’s mind. C U tomorrow at the Bike Race in Beaver Creek.
    PS – the real estate appraiser that has his home for sale in WildRidge says “he hasn’t had a showing since May 2012…

    • #2 by Terry Nolan on August 23, 2012 - 10:23 am

      I always try to remain optimistic. If our local appraiser hasn’t had a showing since May, the market is clearly telling him he is overpriced. Even appraisers can overprice their homes.

      Lots going on in BC this morning. Should be a fun day.

  2. #3 by eaglecountytimes on August 23, 2012 - 12:32 pm

    We agree. Last local realtor to show (local appraisers) home said the same about the listings price…I don’t know…I still think Wildridge prices (in general) are still drifting down a bit.

    See you at the bike race in a few….

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