The National Association of Realtors released their year-end report showing 4.65 million previously owned homes traded hands in 2012… that was a 9.2% leap from 2011. And the greatest annual gain since 2004.
The total number of transfers hasn’t been close to that since the year 2007 when 5.04 million homes were sold.
Nationally, housing markets have been steadily improving over 2012 though December was ever so slightly down by 1% from November… but December 2012 was 13% higher than December 2011.
With inventory levels low and interest rates at historic lows, continued steady demand should result in an upturn in prices in 2013.
Homes Sales Highest Since 2004
, Thursday, January 24, 2013