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NAR: Existing-home sales cool in January, fall 6 percent for Northeast

Feb 24, 2015
Existing-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, according to the National Association of REALTORS (NAR). 

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, fell 4.9 percent to a seasonally adjusted annual rate of 4.82 million in January. January closings were up 3.2 percent from a year ago.

In the Northeast, January existing-home sales fell 6 percent to an annual rate of 630,000, but are 3.3 percent above a year ago. 

To read the entire NAR press release, click here.
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