WASHINGTON — Sales of previously owned homes rose for a third straight month in June, pushing activity to its highest in eight months and showing that housing is regaining lost momentum.
The National Association of Realtors said Tuesday that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes. Sales haven’t been above the 5 million-mark since October.
Even with increases, however, sales were still 2.3 percent below June of last year. Sales peaked in July of 2013.
The median price of a home sold in June was $223,300, up 4.3 percent from a year ago.