Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC]

Facebook
Twitter
LinkedIn

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.”

More from the blog

Path to homeownership

June marks National Homeowner’s Month, a time dedicated to celebrating the joys and benefits of owning a home. For prospective buyers, this

Read More

Looking to buy or sell a property in the Greater Boston Area?