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Existing-home sales rise 1.1% in May; Median sales price ascends to new high (access required)

Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors. All major regions except for the Midwest ...

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