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The Independent UK
The Independent UK
National
Mike Bedigan and Alex Veiga

U.S. house sales drop as prices soar to record levels

Sales of previously owned homes in the U.S. have dropped to the lowest levels since last September, as the national average price for houses hit unprecedented levels.

Home prices increased on an annual basis for the 24th consecutive month, with the national median sales price rising two percent in June from a year earlier to $435,300 – an all-time high.

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