Steel Markets
January 23, 2020
Existing Home Sales and Pricing Accelerate in December
Written by Sandy Williams
Existing home sales grew 3.6 percent in December, bouncing back from a slight decline in November and jumping 10.8 percent from a year ago. The National Association of Realtors reported existing home sales were at a seasonally adjusted annual rate of 5.54 million in December.
For 2019, total sales ended on a par with 2018 at 5.34 million. Yearly sales were 2.2 percent higher in the South, offsetting declines of 1.8 percent in the West and 1.6 percent in the Midwest. Sales in the Northeast remained unchanged.
