KBWY - Existing Single-Family Home Sales Rose Again As Prices Continue To Rise

• Sales in the market for existing single-family homes, which account for about 89 percent of total existing-home sales, rose 1.3 percent in October, coming in at a 5.66 million seasonally adjusted annual rate.
• The dominant single-family segment saw sales rise in two regions of the country, fall in one region and come in unchanged in the fourth.
• The median price for a condo/co-op was $296,700, 8.7 percent above October 2020 but slower than the 12-month gain of 9.3 percent in September and 21.0 percent in May.

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