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NAR: Existing-home sales jump in January

Feb 24, 2017
Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of REALTORS (NAR). 

Total existing-home sales expanded 3.3 percent to a seasonally adjusted annual rate of 5.69 million in January. January’s sales pace is 3.8 percent higher than a year ago and surpasses November 2016 as the strongest since February 2007. 

January existing-home sales in the Northeast jumped 5.3 percent to an annual rate of 800,000, and are now 6.7 percent above a year ago. 

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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

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