Home Sales Climb for Third Consecutive Month

by Coldwell Banker Evergreen Olympic Realty, Inc. on February 23, 2011

Today the National Association of Realtors (NRA) reported that existing home sales continued to climb in January for the third consecutive month. Lawrence Yun, NAR chief economist, said, “The uptrend in home sales is consistent with improvements in the economy and jobs, which are helping boost consumer confidence,” Yun said.

Credit remains tight and has lead to an abnormal increase in cash-only and investment purchases. Competitively priced homes are selling and homes in good condition are holding their value, said NAR President, Ron Phipps.

In Thurston County, January home sales were up 10 percent over last year. There were 153 closed home sales last month, compared to 139 in January 2010. The National Association of Realtors reported that the growth in sales of existing homes in the West rose 7.9 percent, a trend we hope continues.

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