Existing Home Sales Reach Highest Mark Since 2007
The Existing Home Sales Reach Highest Mark Since 2007: Many of our local market are seeing increased sales. As a result, it’s a good time to sell your home.
In this Infographic, you’ll see areas of growth across the United States.
Highlights:
- Sales of existing homes reached the highest pace in a decade resulting in a seasonally adjusted annual rate of 5.69 million.
- January marked the 59th consecutive month of year-over-year price gains. Hence, the median home price rose 7.1% to $228,900.
- NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home.”
In conclusion, with sales in the West up 8.4% year over year, 2017 is shaping up as the year to sell your home.
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