Existing Home Sales Inch Up In January [INFOGRAPHIC]
![Exising Home Sales Inch Up In January [INFOGRAPHIC] | Keeping Current Matters](https://static.wixstatic.com/media/afe665_4f55b9ef33214232819855c987e8bc91~mv2.jpg/v1/fill/w_1000,h_1294,al_c,q_90,usm_0.66_1.00_0.01/afe665_4f55b9ef33214232819855c987e8bc91~mv2.jpg)
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 needed to accommodate the subsequent growth in housing demand.”
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