Due to the storms, numerous delays, and cancellations in closing, home sales were down by 7.1%. However, home prices are on the rise and the market is preparing for strong spring and summer months.
January 2014 Housing Market
As strong winter storms hit, January saw a decline in home sales although home prices continue to rise. The RE/MAX National Housing Report noted the median home price for January 2014 was $173,475; 11.6% higher compared to January 2013.
Due to the storms, numerous delays, and cancellations in closing, home sales were down by 7.1%. However, home prices are on the rise and the market is preparing for strong spring and summer months.
Due to the storms, numerous delays, and cancellations in closing, home sales were down by 7.1%. However, home prices are on the rise and the market is preparing for strong spring and summer months.
Subscribe to:
Post Comments (Atom)
1 comment:
Great information about the housing market!
Post a Comment