Sales of existing homes rose 1.4% in June, to a 5.86m seasonally adjusted annual (see top of first chart). Sales are up 22.9%t from a year ago. Sales in the market for existing single-family homes, which account for about 88% of total existing-home sales, also rose 1.4% in June, coming in at a 5.14m seasonally adjusted annual rate (see top of first chart). From a year ago, sales are up 19.3%. Condo and co-op sales rose 1.4% for the month, leaving sales at 720,000 for the month versus 710,000 in May.
