Home Sales are Up in the Midwest

Home Sales are Up in the Midwest

The National Association of Realtors (NAR) just released their 2013 4th Quarter Housing Report.

We believe the leveling in home sales is directly attributable to a lack of salable listing inventory; specifically in the West.

Three of the four regions in the NAR report had an increase in sales: Northeast (+7.1%), Midwest (+2%) and South Regions (+3.6%).

A big fall-off in sales occurred in the Western Region. The dramatic fall-off in the West (-8.1%) can be directly linked to a shortage of inventory in their hottest markets.

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Jim Starwalt

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Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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Home Sales are Up in the Midwest

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