Existing Homes Sales in May Exceed Forecasts

Posted By Wally Reule @ Jun 23rd 2014 11:44am In: Sedona Real Estate Market News

Sales of previously owned homes increased by 4.9% nationally in May, which not only exceeded expectations, but was the largest increase in nearly three years. A combination of higher inventory, slower price increases, low interest rates and higher employment is fueling the increase in sales. This is very good for our Sedona real estate market, as many of our clients need to sell a home somewhere else before they can make Sedona Their Home.

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