Jan. Existing Home Sales: +2.7% to 5.36M vs. 5.23M expected. Inventory of unsold homes on the...

|By:, SA News Editor
Jan. Existing Home Sales: +2.7% to 5.36M vs. 5.23M expected. Inventory of unsold homes on the market -5.1% to 3.38M; months supply 7.6. Median sales price -3.7% Y/Y to $158,800. "The uptrend in home sales is consistent with improvements in the economy and jobs, which are helping boost consumer confidence," NAR's Lawrence Yun says.