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% annually to $350,000, according to the Friday report from the National Association of Realtors. The supply of homes for sale fell to a record low, down 16.5% from the prior month to a seasonally adjusted annual rate of 6.5
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