Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC]
![Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] | Keeping Current Matters](https://static.wixstatic.com/media/afe665_2e690a2177e94f8a8d37c868314f705c~mv2.jpg/v1/fill/w_1000,h_773,al_c,q_90,usm_0.66_1.00_0.01/afe665_2e690a2177e94f8a8d37c868314f705c~mv2.jpg)
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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