Existing Home Sales Inch Up In January

Existing Home Sales Inch Up In January [INFOGRAPHIC]

We ran across this great post -Existing Home Sales Inch Up In January courtesy of the good folks at Keeping Current Matters and thought you might enjoy the read.

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Exising Home Sales Inch Up In January [INFOGRAPHIC] | Simplifying The Market

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."

Mike and Jennifer Rigley (buyers) 916.378.4671 / (sellers) 916-660-5823 [email protected] What’s My Sacramento Home Worth?
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As top Sacramento REALTORS®, the Rigley Realty Group can determine the value of your Sacramento home and perform a quick market analysis, giving you a free estimate of what your home is worth in today’s market.

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