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’sChief 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.”
Author:Frank Provencal 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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