Home Sales Drop

Be care of headlines masquerading as bad news. Existing-home sales dropped 1.3% in January but that’s still above 2019’s level. So that’s still pretty darn good.

According to the National Association of Realtors total existing-home sales dropped a tad in January but sales are up 9.6% compared to last January. This marks the 95th straight month of gains.

Hottest Markets

  • The Northeast grew 7.4% with median home prices at $312,100.
  • The Midwest jumped 2.4% which is up a whopping 8.4% from last year at this time. The median home prices increased over 5% to $200,000.
  • The South hit a small growth spurt of 0.4% with median prices of $229,900.
  • The Wild West decreased by 9.4%, but it’s still showed an 8% improvement over last year. The priciest market in the country jumped 5% with median prices at $393,800.


First-time homebuyers surprised by stepping back into the market. The under 35 crowd shopping for homes increased by 3%.

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top