Weathering Hurricane Sandy, sales of existing homes increased in October, the National Association of Realtors (NAR) reported Monday.
Total existing-home sales rose 2.1 percent to a seasonally adjusted annual rate of 4.79 million in October from a downwardly revised 4.69 million in September. September sales were originally reported at 4.75 million. October home sales are up 10.9 percent from October 2011.
The median price of an existing single-family home was $178,600 in October, up 11.1 percent from October 2011.