Annual real estate sales rise for 3rd straight month (CHARTS)

National median home price declines 3.5%

Existing-home sales rose year over year for the third straight month in September, according to the latest monthly report from the National Association of Realtors.

Sales of single-family homes, townhomes, condominiums and co-ops increased 11.3 percent last month to a seasonally adjusted annual rate of 4.91 million. Existing-home sales have been rising by double digits on an annual basis since July. On a monthly basis, sales fell 3 percent in September, compared with a 7.7 percent rise in August.