Industry NewsMarkets & Economy

NAR: Sales of pre-owned homes to rise in ’09

Forecast anticipates 4.9% drop in median resale price
Published on Mar 3, 2009

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Sales of resale homes are expected to remain roughly flat this year, with the median resale home price falling for the third straight year, according to the latest National Association of Realtors forecast.

The Realtor group expects annual sales of resale homes to rise 0.3 percent this year, to 4.93 million, and to rise 5.8 percent in 2010.