Home Sales Down in January but Higher than a Year Ago; Prices Steady

Nationally, existing-home sales fell in January but are above year-ago levels, according to the National Association of REALTORS®.
Existing-home sales, including single-family, townhomes, condominiums and co-ops dropped 7.2 percent to a seasonally adjusted annual rate1 of 5.05 million units in January from a revised 5.44 million in December, but remain 11.5 percent above the 4.53 million-unit level in January 2009.
In the greater Albuquerque metro area the housing market followed in line with the National trend but January was the fifth consecutive month where closed sales have increased over the same month in the previous year. It’s a trend that started in September 2009...
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