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Home sales up in 'seller's market'

9:33 PM, Feb. 21, 2013
Sales of previously owned homes edged up in January, according to the National Association of Realtors.
Sales of previously owned homes edged up in January, according to the National Association of Realtors.
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Sales of previously owned homes edged up in January, held back by a shortage of homes for sale, according to the National Association of Realtors.

Single-family home sales increased 0.2 percent to a seasonally adjusted annual rate of 4.34 million in January vs. 4.33 million in December, and 8.5 percent above the 4 million-unit level in January 2012.

The median single-family home price was $174,100 in January, up 12.6 percent from a year ago. ...

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