Home sales rebound in September 09
Oct 23rd, 2009No Comments
Some good news for the housing market today. Home sales rebound to highest levels since July 2007.
To sum it up by region…
The West: Sales climbed 13% to an annualized rate of 1.3 million.
The Midwest: Sales were up by 9.6% to a pace of 1.25 million
The South: Sales were up 9% from August and 10.8% from last September to a rate of 2.6 million
The Northeast: Sales up 4.4% from August to a rate of 950,000
Sales of previously-owned homes jumped 9.4% in September after falling for the first time in four months in August, said the National Association of Realtors. Year over year, sales of existing homes were up 9.2% in September.