November’sExisting Home Salesreport revealed that sales are now at an annual pace of 5.61 million which is"now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).”
Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and is now 9.3% lower than November 2015.
Inventory has dropped year-over-year for the last 18 months.
The median price for all home sales in November was $234,900, up 6.8% from last year and marks the 57thconsecutive month of year-over-year gains.
Author:Derrick Houston Phone: 214-385-1221 Dated: December 23rd 2016 Views: 340 About Derrick: Derrick has been in real estate for seven years. Before embarking on a career in real estate, Derric...
View our latest blog posts in your RSS reader. Click here to access.
Rogers Healy and Associates Real Estate is a DFW based residential and commercial real estate company that was founded in 2007 by Rogers Healy. RHAdfw is passionate about developing long lasting relationships with clients while representing them to buy, sell or lease any home in DFW.