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July 19, 2012

Existing home sales drop to year low

by Rylan Stewart

Sales of existing homes took a surprising drop in June (5.4 percent) to a 4.37 million annual rate- the lowest of the year. Prices did see increases, however. The median is up 5.0 percent from May, and up 7.9 percent year-over-year. At $189,400, the median home price is at it’s highest in two years.

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