Existing Home Sales Reach Highest Mark Since 2007

Posted by Cindy Allen - Buyer's Agent on Monday, April 3rd, 2017 at 12:40pm

Existing Homes Sales Hit Highest Levels

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."

Bottom Line

The inventory of homes for sale is tight in higher priced cities like Colleyville and Southlake.  And home buyers in the relatively more affordable areas like Roanoke, North Fort Worth and the Alliance area are finding it even more difficult to find suitable properties.  If you're considering a home for sale in the area, give me a shout and lets talk about a plan, specific to you, for winning your next home. 

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