Sales of existing homes rose 0.4 percent in January to a seasonally adjusted annual rate of 5.47 million, the National Association of Realtors said Tuesday. Those gains build on a strong 2015. Sales last year reached a nine-year peak, evidence of healthy demand that has led some economists to predict that the real estate sector will keep improving. But the report also showed a shortage of available homes. The number of home listings in January fell 2.2 percent from a year ago. The result is that those shopping for homes have fewer options and must pay elevated prices. The median home sales price was $213,800 in January, an 8.2 percent annual increase from a year ago.
Author:Darik Steinbach Phone: 952-239-4290 Dated: February 26th 2016 Views: 224 About Darik: I have been selling residential real estate in Minneapolis full time for 10+ years.
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A home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk through the front door, and the way you can instantly envision your life unfolding there.
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Thank you for spending the time in getting me into my new home! And for putting up with apprehensive me during the process. I am happy in my new townhome and although still getting settled in, I am enjoying it. Again, thank you for your knowledge of knowing how to put it all together with selling & buying. Everything worked as you said it would!