Sales of existing homes unexpectedly fell in January

"A significant breakout in existing home sales is unlikely this year." Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.

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At the current pace, it would take 3.4 months to sell the homes on the market, compared with 3.2 months in December and 3.6 months in January 2017. The Realtors group considers a normal market at six to seven months’ supply. single-family home sales fell 3.8% to an annual rate of 4.76 million, the lowest since July 2016.

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Existing home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home.

Homes typically sold in 42 days, down from 50 days a year earlier 43 percent of homes sold in January were on market for less than a month. Existing home sales account for 90% of the market and are calculated when a contract closes.

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U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties. The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

Sales of previously owned U.S. homes unexpectedly fell in January to a four-month low. compared with 33 percent a year earlier. January’s drop in existing home sales seems to be a payback for the.

(RTTNews) – New home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the Commerce Department on Monday. The report said new home sales.

Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market. Purchases dropped 2.6 percent to a 4.

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