Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC]

Some Highlights:

1. Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.

2. Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.

3. Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900.