Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC]
Property Overview
Property Features
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 … Continue reading Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC]
Property Description
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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Herbert Riggs
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I have lived and worked in the Northern Virginia area for over 20 years. I am committed to honesty, integrity and excellence in every relationship I build in my real estate endeavors.