Housing Sales are up; Mortgage rates remain down

Real Estate Agent with Keller Williams Brandywine Valley PARS273421 & De Lic.

The National Association of Realtors (NAR) reports existing home sales in April  at a  0.06% increase to an annual rate of 4.97 million units . This was the highest level since November 2009.

Resales came in 9.7% higher than the  previous year

Inventory for existing homes available for sale increased 12% to a 5.2 month supply.

New home sales rose 2.3% on a seasonally adjusted basis during April, according to the Census Bureau and the Department of Housing and Urban Development.

The increase was 29% higher than April 2012. Inventory for new homes available for sale rose by 3.3% to a supply of 4.1 months.



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