If you need assistance, please call 401-232-7661

January Home Sales Climb

Tuesday, February 26, 2013   /   by Nathan Clark

January Home Sales Climb

 


 


 


The sale of existing homes in theUnited Statesrose in January, with further price gains and the development of sellers’ markets, according to the National Association of Realtors.


 


According to the NAR, the annual sales rate rose to 4.92 million units in January, up 0.4 percent from December and 9.1 percent higher than January of last year. Sales were up in all regions but the west, where limited inventories are putting a damper on sales volume in some markets.


 


"Buyer traffic is continuing to pick up, while seller traffic is holding steady," said Lawrence Yun, NAR chief economist, in a news release. "In fact, buyer traffic is 40 percent above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly. We've transitioned into a seller's market in much of the country."


 


Total housing inventory at the end of January fell to a 4.2-month supply, the lowest since April of 2005. Meanwhile the median sales price for all existing home sales increased to $174,600 in January, 12.3 percent above January 2012 levels and the 11th straight month of year-over-year increases.

Your Home Sold Guaranteed Realty, The Nathan Clark Team
39 Cedar Swamp Rd
Smithfield, RI 02917
401-232-7661

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.© 2021 State-Wide Multiple Listing Service. All rights reserved.
This site powered by CINC: www.cincpro.com