"Sales of existing homes in the West climbed higher in August versus a year ago, bucking a national trend as buyers snatched up sharply discounted foreclosed properties in California, Arizona and Nevada, according to two reports Wednesday.
About 106,000 existing homes and condos were sold last month in the 13-state region. Without adjusting for seasonal factors, that number is up about 1 percent from the same month last year and flat versus July's figures, according to the National Association of Realtors.
The median price in the West slumped by almost 24 percent from a year ago to $251,600, the association said."
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Sales of preowned homes in West rise
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