Existing Home Sales are UP!

Posted by Paul Lebowitz on Tuesday, December 22, 2009 · Leave a Comment 

Sales of previously owned homes in the U.S. rose 7.4% in November to a 6.54 million annual rate, according to the National Association of Realtors. Inventories of previously owned homes decreased by 1.3% to 3.52 million available for sale, representing a 6.5-month supply at the current sales pace. Low prices and tax relief helped buyers surmount worries about the job market. Inventories kept shrinking. Prices fell — but the decline was the smallest in two years. All good news for those trying to sell their home in Fairfield County.