Staff and Wire Reports
U.S. home sales crept upward in January but declined in Pinal County.
Nationally, sales of existing homes rose 0.4 percent last month to a seasonally adjusted annual rate of 5.47 million, the National Association of Realtors said Tuesday. The gains build on a strong 2015 when sales reached their highest level in nine years. Last year ended with a 12.1 percent surge in December sales, as new regulations had delayed closings in November.
In Pinal County, January sales of existing homes came in at 446, an increase from the previous January but a decline from the previous month. In December, 511 homes were sold at a median price of $164,000. The January median price was at $158,000, an increase of $8,000 over January 2015 in which 365 homes were sold, according to the Arizona Regional Multiple Listing Service.