Posted on February 24, 2017 - 07:23 AM
by Larry Cain
Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home."
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free! *Contact Information is NOT Shared*