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

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

Dec 22, 2017 | Posted by Jon Griffith | News & Advice |
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Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] | Simplifying The Market

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.”
Tags: market conditions
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About Jon Griffith

Ready to serve your family, Jon is a native Arizonan and 2nd generation real estate professional. Being a life-long resident, Jon provides buyers valuable insight into Phoenix area homes, building styles, historic districts, floor plans and community amenities. He is an experienced institutional negotiator who has helped dozens of home sellers navigate successful closings.

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