But will struggle with low inventory
Kelsey Ramirez | Housingwire
January will see an annual increase in existing home sales and will remain level with the number of homes sold in December, according to the latest Residential Real Estate Nowcast, a forecast from Ten-X, an online real estate transaction marketplace.
The Nowcast shows existing home sales will increased to seasonally adjusted rates of between 5.32 and 5.67 million, with a targeted number of 5.49 million. This is the same number of homes sold in December, but up 30,000 from the previous year.
