Sales of US Existing Homes increased 4.3% in January from December to a seasonally adjusted annual rate of 4.57 million, the National Association of Realtor reported Wednesday.
Although the number in January exceeded the December figure, somewhat showing a sign of improvement, it is still below 4.63 million economists had expected.
In addition, NAR revised down its December home sales rate from a pace of 4.61 million units to 4.38 million units.
On top of that, Prices Continued to Fall. The median sales price dropped in January to $154,700. That's down 2 percent from the same month last year.
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