Existing Home Sales Inch Up In January !!

By
Real Estate Agent with Keller Williams Realty - Wellington SL#3047968

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."

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Real Estate General Information
Tags:
buyers
existing home sales
market trend
sellers
market inventory
housing supply
spring buying
housing demands
inventory supplies

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Rainmaker
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Winston Crosbie

Winston Crosbie PA - Keller Williams Realty
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