Present-home gross sales elevated by almost 7% between December and January, hitting a seasonally-adjusted, annual charge of 6.5 million, the Nationwide Affiliation of Realtors mentioned Friday. Economists polled by MarketWatch anticipated the tempo of dwelling gross sales to come back in at 6.1 million. In comparison with a yr in the past, gross sales have been down greater than 2%. The stock of houses on the market dropped to a different document low, because the median worth for an present dwelling rose by greater than 15% on an annual foundation.
