Existing Home Sales Reach Highest Annual Pace In 11 Years

Dated: 12/26/2017

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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’sChief EconomistLawrence Yunhad 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.”

Let's get together and discuss the supply conditions in your neighborhood to be able to assist you in gaining access to the buyers who are ready, willing and able to buy now!

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Winston Crosbie

Winston Crosbie is an agent who has experience in the local areas of West Palm Beach, Wellington, Boynton Beach, Loxahatchee, Greenacres and Royal Palm Beach. Winston Crosbie has a support team of Re....

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