Monday, 18 October 2021 | The Latest Buzz for the Appraisal Industry

Existing-Home Sales Increased For Second Straight Month in July

Existing-home sales increased 2.0% in July compared with June to reach a seasonally adjusted annual rate of 5.99 million, according to the National Association of Realtors (NAR).

Year over year, existing home sales were up 1.5%.

Regionally, and year over year, existing-home sales were up 12.1% in the Northeast and 1.2% in the South. They were flat in the West and decreased 1.4% in the South.

“We see inventory beginning to tick up, which

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