Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC]
![Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2017/02/07154734/2.24-EHS-Report-KCM.jpg)
Highlights:
- Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
- January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
- NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home.”
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This infographic shows that sales of existing homes are the highest they have been in a decade. At the same time, home prices have increased for 59 straight months, and interest rates are still low. How long can these trends continue?
The market seems really robust all over the country.