Friday, February 26, 2016

Existing Home Sales Inch Up In January

Exising Home Sales Inch Up In January [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year.
  • Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply.
  • Lawrence Yun, NAR's Chief Economist, warns: "The spring buying season is right around the corner and current supply levels aren't even close to what's needed to accommodate the subsequent growth in housing demand."



    Debbie Mignogna, ABR
    BHHS Fox & Roach Realtors
    267-640-1120
     
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