- New-home sales jumped in August to a 3 1/2-year high, helped by lower mortgage rates and strong builder incentives.
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- Existing home sales were flat in August. Homes took longer to sell, averaging 31 days on market, and supply slipped 1.3% from July.
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- NAR reports that the median home sales price hit $422,600 in August, up 2% from a year ago. It was the 26th consecutive month of gains.
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