Existing Home Sales Reach Highest Annual Pace in 11 Years

 

Some Highlights:

  • Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
  • The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
  • NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”
Houses Are Still Selling Fast

Houses Are Still Selling Fast

Homes are selling faster than the norm for this time of year – and your house may sell quickly too. Are you thinking about selling your house? Give us a call!

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