4.8% The decline in sales of existing housing in America during the last month

Media In – Washington, February 21, 2018
Economic data showed US housing sales in January fell unexpectedly.
Existing home sales fell 3.2 percent from a month ago to 5.38 million units a year from 5.56 million units a year, according to data released last December, the National Association of Real Estate Developers said in the United States.
With this unexpected monthly decline, existing home sales fell by 4.8% over the same month last year, the biggest annual decline since August 2014.
According to the data published today, the average price of selling existing housing during January was $ 240.5 thousand per dwelling, up 5.8% compared to the same month last year.
At the same time, the overall housing supply rose by 4.1% to the equivalent of 1.52 million existing homes offered for sale by the end of last January, enough to demand 3.4 months in accordance with the current sales rate