Tuesday, March 6, 2012
Seattle Times, in January sales of existing homes rose 4.3% and inventories went way down to the lowest point we’ve seen over the past 7 years. The National Association of Realtors said that sales have seasonally adjusted to an annual rate of 4.57 million. Sales have risen in all four major regions, including 8.8% in the Western region. December sales hit a downward slope to 4.38 Million, closing 2011 with a 0.5% decline. This however did not affect annual sales, only seasonal monthly sales. According to the National Association of Realtors, existing home sales are still recovering, and investors account for 23% of homes purchased.