Existing Home Sales Reach Highest Annual Pace in 11 Years

Some Highlights:

  • Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
  • The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
  • NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”

Your local Real Estate Expert in Milwaukee Metro Area and all of the surrounding communities. You now have free access to Milwaukee Metro Real Estate Home Search! Google, Call or Text me Today and let’s discuss how I can help YOU!  Jerry Grosenick – 262-573-9334

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