… Marking the second month in a row that home sales fell to the lowest level for a given month in 11 years.
CoreLogic attributes this drop to a number of struggles in late 2018. First, affordability issues, stock market volatility
- 25-Thosuand new and existing houses and condos sold statewide in January 2019, the lowest sales tally for a January since 2008.
- January 2019 sales fell twenty percent from December 2018 and dropped fifteen percent from January 2018.
accordigto public records data.
- Sales typically fall sharply between December and January, and since 2000 the average change between those two months is a drop of 25 percent.
The sales slowdown in January was likely eased by the decline in mortgage rates that began in December 2018.