Median Existing Home Prices, Sales Set Record Highs


CNBC financial reporter Diana Olick reported on Wednesday that the median existing home price in the United States set a record high in June.

According to Olick, the average home sold for $236,400 last month, up 6 percent from a year ago. That is the highest number ever on record.

Existing home sales were also up, soaring 3.2 percent month-over-month, with 5.49 million (seasonally adjusted) units sold, marking the highest sales volume we’ve seen in eight years.

Image via flickr/FutUndBeidl

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