Home Sales Down in January as Inventory Remains at Record Low Levels

Closed sales for single-family homes fell slightly in January, while prices rose more than three percent. Condominium sales saw a drop in sales as well, with prices rising over six percent. Inventory dropped to a record low for the month of January. This is the second month in a row that the number of single-family homes for sale has been below the 10,000 mark. Continue reading