Home Sales Accelerate During The Dog Days Of Summer INFOGRAPHIC

Dated: 07/29/2016

Views: 284


Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC] |MyKCM

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.

Blog author image

John Faber

John Faber has lived in West Michigan his entire life and with strong family ties in the area, he takes his clients' needs to heart and treats them like family when helping them buy or sell a home. J....

Latest Blog Posts

Data Says May Is The Best Month To Sell Your Home In Holland Michigan And Around The Co

According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.For the study,

Read More

Are Home Values Really Overinflated

Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: “The median

Read More

Existing Home Sales Reach Highest 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

Read More

Competing Offers Highest And Best

In our current housing market you may have heard the words “we are accepting highest and best offers.” What exactly does that mean? Well, it could mean A LOT of things. But generally what the

Read More