Share this story
Close X
Switch to Desktop Site

Home sales climb in January

(Read article summary)
View video


(Read caption) Home sales climbing 0.4 percent since December 2012, according to the National Association of Realtors' Existing Home Sales Report.

View photo

Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for January showing a slight monthly improvement in sales with total home sales climbing 0.4% since December and climbing 9.1% above the level seen in January 2012. 

Single family home sales also improved slightly rising 0.2% from December and still rising 8.5% above the level seen in January 2012 while the median selling price increased a notable 12.6% above the level seen a year earlier. 

About these ads

Inventory of single family homes declined notably from December to 1.55 million units dropping 25.5% below the level seen in January 2012 which, along with the sales pace, resulted in a monthly supply of 4.3 months.