This year marks the 130th anniversary of Groundhog Day, and this morning Punxsutawney Phil did not see his shadow at the annual celebration. This means that an early spring is predicted this year. Looking back at existing-home sales in 2015, sales in March showed the first significant increase month-to-month. Starting in March of 2015 existing-home sales stayed above 5,000,000 through the end of October. With an early spring to come this year can we expect this home sales trend to continue?
Note: These headline figures are seasonally adjusted figures.
Find out more about Groundhog Day and existing-home sales.