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NAR: Existing-home sales inch forward in January

Feb 25, 2016
Existing-home sales crept forward in January to the highest annual rate in six months, and subpar supply levels propelled price growth to the fastest increase since last April, according to the National Association of REALTORS (NAR). 
 
Total existing-home sales inched up 0.4 percent nationally to a seasonally adjusted annual rate of 5.47 million in January from a downwardly revised 5.45 million in December. Sales are now 11 percent higher than a year ago, showing the largest year-over-year gain since July 2013.
 
January existing-home sales in the Northeast increased 2.7 percent to an annual rate of 760,000, and are now 20.6 percent above a year ago. 
 
To read the entire NAR press release, click here
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