Existing home sales started the 2021 with a small increase
from the December sale levels, the second consecutive monthly gain. The
National Association of Realtors® (NAR) said transactions that include pre-owned
single-family homes, townhomes, condominiums, and co-ops, increased 0.6 percent
in January to a seasonally adjusted annual rate of 6.69 million units compared
to 6.76 million in December. The month’s results are up 23.7 percent from the
annual rate
of 5.41 million sales in January 2020. Existing home sales have increased in seven of the last
eight months, even though pending sales, generally considered a leading
indicator for the following one or two existing sales reports, have posted four
straight monthly losses.

 

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