Health & Fitness
Housing rebound continues with strong sales and price gains
The housing rebound continued in January: The pace of home sales stayed strong and prices gained the most since the boom days.
The National Association of Realtors reported that previously-owned homes sold at an annual pace of 4.92 million homes, 9% higher than this time last year.
Home prices were up 12.3%, taking the median to $173,600. That marked the biggest percentage gain since January 2005.
The price rise is being driven by tight inventories, increased demand from buyers, and a drop in sales of distressed homes, such as those in foreclosure.
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Related: Playing the housing rebound
There were 1.74 million previously-owned homes on the market , equal to only about a four-month supply at current sales levels. It's the tightest inventory of homes on the market since 1999.
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If you are thinking about selling your home, now is a good time to begin your home preparation! Contact me for a complimentary home consultation and expert market advice. I want to ensure you receive the highest possible price for your home!
Best,
Carole Tierney
REALTOR
Coldwell Banker Residential Brokerage
781-424-4197 Text/Cell
Carole_Tierney@Yahoo.com