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RE/MAX: Winter storms chill U.S. home sales

remax-balloon-logoDENVERAs the result of unusually strong winter storms, January home sales fell lower while prices continued a trend of double-digit increases, according to the RE/MAX National Housing Report.

Winter storms that impacted many regions of the country caused numerous delays or cancellations of closings, bringing home sales 7.1 percent lower than one year ago.

With the rate of sales in January, the months supply of inventory fell to 5.3 months. On a yearly basis, the January inventory marked the 10th consecutive month with fewer losses than the previous month.

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