Existing Home Sales Down 7.2% In January & Up 11.5 % Year Over Year

By Editor · on February 26th, 2010 ·

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Existing Home Sales Down 7.2% In January & Up 11.5% Year over Year

Existing Home Sales Down 7.2% In January & Up 11.5% Year over Year

Existing Home Sales are Down for the month of January 2010 by 7.2%, however, dont let that discourage you.  Year over Year Existing Sales are UP year over year by 11.5%.  This when you compare January 2009 Existing Home Sales to January 2010 Home Sales.

Existing Home Sales By Region

North East: Existing Home Sales fell 10.9% and on an 820,000 annual unit pace.

Mid West: Existing Home Sales fell 6.9% and on a 1.08 million annual unit pace

South: Existing Home Sales fell 7.4% and on a 1.87 million unit pace.  Keep in mind this is the largest region in the country and Virginia is included in this region.

West: Existing Home Sales fell 5.2% to a 1.28 million unit pace.

Distressed Sales: These accounted for 38% of sales in January.  This is hihger then December 2009’s number of 32%. All Cash deals represented 25% of all sales.  This number is also higher then the average number of 10%. Finally investors are active while traditional buyers are sitting on the fence deciding whether to jump in.

Northern Virginia Real Estate Times


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This entry was posted on Friday, February 26th, 2010 at 10:50 am and is filed under Alexandria Virginia Home Sellers, Arlington County Virginia Home Sellers, Ashburn Virginia Home Sellers, Clarke County Virginia Home Sellers, Fairfax County Virginia Home Sellers, Fauquier County Virginia Home Sellers, Frederick County Virginia Home Sellers, Loudoun County Virginia Home Sellers, Northern Virginia Home Sellers, Prince William County Virginia Home Sellers, Washington DC Home Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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