Home Sales Are Hot!

home-sales-pace

Real Estate Bottom Line:

  • Existing home sales are currently at an annual pace of 5.81 million – this is the highest pace since December 2006.
  • The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months.
  • It is currently at a 3.4-month supply.
  • NAR’s Chief Economist¬†Lawrence Yun said: “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.”
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