Steel Products
February 22, 2013
Existing Home Inventory Dropping—Sellers Market says NAR
Written by Sandy Williams
Written by: Sandy Williams
A sellers market is beginning to develop, says the National Association of Realtors, as inventory drops and prices begin to rise. Existing home sales rose a slight 0.4 percent in January to a seasonally adjusted annual rate of 4.92 million from a downwardly revised 4.90 million in December. The annual sales rate in January was 9.1 percent above the 4.51 million units pace a year ago.
