Another month, another surge in sales. 5.5 percent, month over month. That’s the best showing in 5 years. Inventories down. Supply drops below 10 months, nationwide.
And the West has the biggest impact:
By region of the country, sales soared by 16.8 percent in the West and rose a more moderate 4.4 percent in the Midwest and 2.2 percent in the South. The only region of the country which saw a decline was the Northeast, where sales fell by 1.1 percent.
This is no surprise to anyone who has been tracking the steady monthly increases in resales in Las Vegas.
Imagine how many more houses would be selling right now if it was easier to get a mortgage!