top of page
Search
  • Metro East REIA

Annual Existing-Home Sales Hit Their Highest Mark Since 2006

The National Association of Realtors is reporting that existing home sales were down 4.6% in December to a seasonally-adjusted annual rate of 6.18 million (down 2% from one year ago). However, the NAR points out that In 2021 existing-home sales totaled around 6.12 million, which is an increase of 8.5% from 2020 and the highest annual level since 2006. Total housing inventory at the end of December was 910k units, down 14.2% from one year ago. Unsold inventory sits at a 1.8-month supply at the current sales pace with properties remaining on the market for around 19 days. The median existing-home price for all housing types in December was $358k, up 15.8% from December 2020. Continue reading HERE...

0 views0 comments

Recent Posts

See All

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.6% in August, 2023. The all items index was up 3.7% for the 12 months ending in

None of us knows what life will bring. All of a sudden, your ability to generate income may be severely restricted by an illness or injury. In the past few months, my office has worked with several in

bottom of page