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February 24, 2015

Home sales plunge 4.9% in January

  • Just 4.7 months of supply were listed for sale at the end of December, compared with an average of 5.2 months during 2014.
    • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — U.S. home sales struck a snow drift in January, plunging to the slowest pace in nine months.

    The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million. That brings sales down to their lowest level since April 2014.


     
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