Home sales soar to highest level since 2006

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Real Estate

Total existing-home sales continued to rise precipitously in August, soaring past last year’s total for the greatest number of sales since 2006, according to data released Tuesday by the National Association of Realtors (NAR).

Existing-home sales — which includes single-family homes, townhomes, condos and co-ops — rose 2.4 percent month over month and 10.5 percent year over year in August.

Home sales are continuing their steep climb even in the face of rising prices. The median existing-home price for all housing types came in at $310,600 in August, an increase of 11.4 percent year over year and the 102 straight month of annual gains.

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