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Existing Home Sales Inch Up In January

Friday, February 26, 2016   /   by Dan Malloy

Existing Home Sales Inch Up In January

Exising Home Sales Inch Up In January [INFOGRAPHIC] | Keeping Current Matters


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 neededto accommodate the subsequent growth in housing demand."

Malloy Home Team at Premier Brokers International
9123 N. Military Trail, Suite 104
Palm Beach Gardens, FL 33410
561-876-8135
561-370-5736

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