Search
  • Metro East REIA

Existing Home Sales Up 6.7% in January

The National Association of Realtors is reporting that existing home sales were up 6.7% in January to a seasonally-adjusted annual rate of 6.50 million (down 2.3% from one year ago). Total housing inventory at the end of January was 860k units, down 16.5% from one year ago. Unsold inventory sits at a 1.6-month supply at the current sales rate with properties remaining on the market for around 19 days. The median existing-home price for all housing types in January was $350,300, which was up 15.4% from one year ago. Continue reading HERE...

0 views0 comments

Recent Posts

See All

A recent report from Breitbart says the average national price for manufactured homes rose nearly 50% over the course of the pandemic, from $82,900 to $123,200. They say manufactured homes have long

The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, which is 14.4% lower than April’s revised number and 3.5% lower than