It is what’s known in the trade as a “seller’s market”.The average price of a previously owned home in the United States crossed $350,000 for the first time ever in May, surging 23.6 percent from a year earlier, the National Association of Realtors (NAR) said on Tuesday.Every region of the country registered price increases in sales of existing homes last month, marking 111 consecutive months of year-over-year gains dating back to 2012.
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