Existing Home Sales Continue Upward Trend in 2017

Existing Home Sales Continue Upward Trend in 2017

Sales of existing single-family homes in January increased by 6.5% when compared to numbers sold in January one year ago. There were 163 single-family home resales in January 2017 and 153 resales in January 2016.

The latest numbers show that annualized rate of sales was 3,055 in January.  That is 7.2% above the annual rate of 2,850 reported in January 2016.

The chart below shows the annual rate of single family sales over the last 12 months.


The chart below shows that the 12-month and 3-month averages sales price of single-family homes is approximately $225,000.

One year ago the 12-month average sales price was $217,000 – that is a 3.9% increase when compared to the latest numbers reported for January.

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