Home Sales Accelerate During The Dog Days Of Summer

Home Sales Accelerate During The Dog Days Of Summer

Home Sales Accelerating


Some Highlights:

  • Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.

  • Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.

  • Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900.


Derrick Houston Headshot
Author:
Phone: 214-385-1221
Dated: July 30th 2016
Views: 724
About Derrick: Derrick has been in real estate for seven years. Before embarking on a career in real estate, Derric...

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