Sales of existing homes rose 2.4 percent in August to its highest level since 2006 in the United States as the housing market recovers from a widespread shutdown brought on by the coronavirus outbreak.
The National Association of Realtors disclosed the information on Tuesday, saying that sales rose to a seasonally adjusted annual rate of 6 million homes sold last month, reports AP.
Sales are up 10.5 percent from a year ago
It's the third straight gain for sales of existing homes following big, consecutive declines in March, April and May.
The median price for an existing single-family home reached $315,000 in August, up 11.7 percent from August 2019.