Limited inventory, low mortgage rates and an increase in demand from buyers continues to drive the pace of home sales.
The National Association of Realtors reports this week that purchases of existing homes rose to an annual pace of 4.92 million homes, 9% higher than January 2012.
The median home value was also up, with a 12.3% increase over last year, marking the biggest gain since the housing boom.
Photo Above: An inviting two story 3 bedroom 2.5 bath Artistic Craftsman located in the heart of the walk streets in Venice. View Property.