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northern nevada real estate for twenty ten
Washington, March 23, 2010
Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of Realtors®.
Existing-home sales 1, which are finalized transactions that include single-family, townhomes, condominiums and co-ops, slipped 0.6 percent nationally to a seasonally adjusted annual rate of 5.02 million units in February from 5.05 million in January, but are 7.0 percent higher than the 4.69 million-unit pace in February 2009.
Lawrence Yun, NAR chief economist, said widespread winter storms in February may mask underlying demand. “Some closings were simply postponed by winter storms, but buyers couldn’t get out to look at homes in some areas and that should negatively impact near-term contract activity,” he said. For a complete statistical report from the Northern Nevada Regional MLS, take the link as provided below. This is the most current, which is the fourt quarter for 2009. When the first quarter report for 2010 is released, I will add that link as well. If at any time you have a question about the numbers you see, just give me a call or email. I would be glad to speak with you anytime!
Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of Realtors®.
Existing-home sales 1, which are finalized transactions that include single-family, townhomes, condominiums and co-ops, slipped 0.6 percent nationally to a seasonally adjusted annual rate of 5.02 million units in February from 5.05 million in January, but are 7.0 percent higher than the 4.69 million-unit pace in February 2009.
Lawrence Yun, NAR chief economist, said widespread winter storms in February may mask underlying demand. “Some closings were simply postponed by winter storms, but buyers couldn’t get out to look at homes in some areas and that should negatively impact near-term contract activity,” he said. For a complete statistical report from the Northern Nevada Regional MLS, take the link as provided below. This is the most current, which is the fourt quarter for 2009. When the first quarter report for 2010 is released, I will add that link as well. If at any time you have a question about the numbers you see, just give me a call or email. I would be glad to speak with you anytime!
President of RSAR
