Home Sales Accelerate During The Dog Days Of Summer INFOGRAPHIC

Dated: 07/29/2016

Views: 348


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

If You Are Buying A Home This Year This Is Your First Step

Buying a House This Year? This Should Be Your 1st Step!In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale.

Read More

Where The Housing Market Is Headed In 2019 INFOGRAPHIC

Some Highlights:­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought

Read More

How To Save Thousands Of Dollars In Interest On Your Mortgage

One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here

Read More

What Makes A House A Home

What Makes a House a Home For You? We frequently talk about why it makes sense to buy a home financially, but more often than not the emotional reasons are the more powerful

Read More