Existing Home Sales Reach Highest Annual Pace in 11 Years

    Blog ×Did you know?! You can now EMAIL any KCM Blog Post! Click the blue email icon below to get started! Use the buttons below to share with your Personalized Posts profile...                  Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] | MyKCM 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.”

    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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