The first increase in existing home sales during the last four months was led by sales in the West. Hurricanes likely restrained activity in the South.

Sales of pre-owned single-family houses, townhomes, condominiums and co-operatives during September were determined to be a preliminary 465,000 units.

Last month’s existing home sales brought the total for all nine months that have elapsed so far this year to 4.204 million residential units.

Source: Mortgage Daily