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Existing Home Sales Surge into Summer

Brent Wells June 30, 2017

Some Highlights:

  • Existing Home Sales reached their third-highest mark this year in May.
  • Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines.
  • NAR’s Chief Economist, Lawrence Yun, had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace, and the prevalence of multiple offers in some markets are pushing prices higher.”

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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