January Home Sales Fall Almost 5 Percent

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(WLNS) – It looks like the cold weather may have frozen home sales last month.

The National Association of Realtors says sales of existing homes fell almost 5 percent in January to a seasonally adjusted annual rate of 4.82 million.

That brings sales down to their lowest level since April 2014.

Median home prices increased 6.2 percent over the past 12 months to $199,600.

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