- By Ely Marquez
- (General Dispatch) – According to the National Association of Realtors, home sales in the country registered a considerable decline during the month of February.
- Total sales fell 6.6% from January. The annually adjusted anchored rate was 6.22 million.
- At the same time, home sales increased 9.1% despite a year-over-year decline.
- Year-over-year housing supply, meanwhile, declined by 29.5%, the lowest and most significant annual record in history.
- Forecasts indicate that the available inventory could be sold in at least two months.
- Meanwhile, sales prices are on the rise, increasing 15.8% year-over-year.
- Sales of homes priced over one million dollars were 81% higher compared to the previous year.
- The various fluctuations have revolved around the behavior of the market, which could be influenced by the performance of the economy in the face of the pandemic.
Adittional information:
Breitbart: U.S. Home Sales Dropped 6.6% as Supply Shrank
CNBC: Existing home sales fell sharply in February, as supply dropped by the largest amount on record
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