Showing posts with label real estate sales. Show all posts
Showing posts with label real estate sales. Show all posts

Existing-Home sales down, prices steady


Existing-home sales dropped 7.2 percent to a seasonally adjusted annual rate of 5.05 million units in January from a revised 5.44 million in December, but remain 11.5 percent above the 4.53 million-unit level in January 2009, according to the National Association of REALTORS®.

Total housing inventory at the end of January fell 0.5 percent to 3.27 million existing homes available for sale, which represents a 7.8-month supply at the current sales pace, up from a 7.2-month supply in December.