Home Sales up 13.4% in July as Supply Hovers Near Record Lows, Redfin Reports

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SEATTLE--(BUSINESS WIRE)--The supply of homes for sale remained very low at the end of July at just 2.9 months, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales remained strong with an increase of 13.4 percent over last July, and price growth jumped to 5.8 percent year over year, up from 4.6 percent in June. New listings were up 8.1 percent. While the market overall in July did not differ greatly from June, a small month-over-month drop in new listings

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