Existing Home Sales Reach Highest Mark Since 2007

Existing Home Sales Reach Highest Mark Since 2007

Existing Home Sales Reach Highest Mark Since 2007

Highlights:

  • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.

  • January marked the 59th consecutive month of year-over-year price gains as 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." 


Derrick Houston Headshot
Author:
Phone: 214-385-1221
Dated: February 24th 2017
Views: 185
About Derrick: Derrick has been in real estate for seven years. Before embarking on a career in real estate, Derric...

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