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Existing Home Sales Reach Highest Annual Pace in 11 Years

Brent Wells December 22, 2017

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.”

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By providing your contact information to LivingWell Realty, your personal information will be processed in accordance with LivingWell Realty's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from LivingWell Realty in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from LivingWell Realty at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.
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Celina, TX 75009