home sales in january declined for the 12th month in a row reaching the weakest rate since 2010 homes were sold at a seasonallyadjusted annual rate of four million in january according to national association of realtors data released today sales fell 07 from the month prior and were about 37 lower than the same month in 2022 “home sales are bottoming out” lawrence yun the trade group’s chief economist said in a statement the median existinghome sold for 359000—a 13 gain compared with january 2022 and the lowest yearoveryear price change since february 2012 when prices fell 03 economists had expected 2023 to begin with an increase in sales factset consensus estimates had anticipated sales at a seasonallyadjusted annual rate of 41 million up from an upwardlyrevised rate of 403 million in december