The National Association of Realtors says home sales rose to a seasonally adjusted annual rate of 4.89 million last month, from a downwardly revised pace of 4.72 million in May.
It was the highest level of sales since October 2008 and beat economists' expectations. Sales had been expected to rise to an annual pace of 4.84 million units, according to Thomson Reuters.
The median sales price was $181,800 in June down 15.4 percent from $215,000 in the same month last year, but up from $174,700 in May.
More money-related links:
- Save money with Local Coupons
- Coupon Bug helps you save cash
- Saving with 6abc reports
- Share on the Saving with 6abc Message Board
- Track your stocks
- Follow Action News on Twitter
- Get Action News on your website
- Follow Action News on Facebook
- The latest Philadelphia headlines from the Delaware and Lehigh valleys