Existing Home Sales Reach Highest Annual Pace In 11 Years

Existing Home Sales Reach Highest Annual Pace In 11 Years

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

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   First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

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.”


Frank Provencal Headshot
Author:
Phone: 207-710-9493
Dated: December 22nd 2017
Views: 52
About Frank: Frank Provencal has over 20 years of combined public service with the Maine Department of Correction...

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