Angella Harris
Lic. Real Estate Salesperson Weichert, Realtors® - Quality Homes 1860 Grand Ave Baldwin, NY 11510 516-506-8773

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25
Nov

Existing Home Sales Slowed by a Lack of Listings.

Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
  • Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
  • NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”
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Angella Harris

Lic. Real Estate Salesperson Mobile: 1-516-506-8773 Mobile: 1-516-867-3508

Weichert, Realtors® - Quality Homes
1860 Grand Ave
Baldwin, NY 11510

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