Despite lack of supply, existing home sales rise 6.7%
Housing Wire
FEBRUARY 18, 2022
Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% months of supply; a healthy market generally has between four and six months of supply. Homes went under contract in just 19 days on average, down from 21 a year ago. January sales fell 2.3% That translates to just 1.6
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