Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
Friday, November 24, 2017
Some Highlights:
- The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
- Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
- NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”
If you’re thinking of selling your home contact Your Real Estate Family and let's discuss you're options - Contact The Gary & Nikki Team today. Or call - 727-787-6995.
FIND OUT HOW MUCH EQUITY YOU HAVE
YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!
