September Existing Home Sales Decline Nationally, Rise Locally

Oct 22, 2013

Americans bought fewer existing homes in September than the previous month, held back by higher mortgage rates and rising prices.

The National Association of Realtors says existing home sales fell 1.9 percent last month to a seasonally adjusted annual rate of 5.29 million. That's down from a pace of 5.39 million in August. The Columbus Board of Realtors says more than 22-hundred existing homes were sold in September, an increase of more than 13-percent over last year. The industry group says homes are selling faster and for more money, with the median sales price up to 146-thousand-dollars. Statewide, home sales rose for the 27th consecutive month, increasing by nearly 19 percent in September compared with the same month a year ago.