Compare Listings

Existing Home Sales Surge into Summer [INFOGRAPHIC]

Existing Home Sales Surge into Summer [INFOGRAPHIC]

Existing Home Sales Surge into Summer [INFOGRAPHIC] | Simplifying The Market

Existing Home Sales Surge into Summer [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales reached their third highest mark this year in May.
  • Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines.
  • NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”

Source: New feed

img

J.R.Heller

Related posts

3 Questions to Ask Before You Buy Your Dream Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though...

Continue reading
J.R.Heller
by J.R.Heller

Home Buying Myths Slayed [INFOGRAPHIC]

Some Highlights: Interest rates are still below historic numbers. 88% of property managers...

Continue reading
J.R.Heller
by J.R.Heller

The 5 Greatest Benefits of Homeownership

Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here...

Continue reading
J.R.Heller
by J.R.Heller

Join The Discussion