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Existing-Home Sales: Increase Reaches Highest Level Since Before Great Recession

1 month ago   |   By RIS Media

December hit another historic peak for existing-home sales, experiencing the highest level since 2006 after rising 0.7 percent from the previous month. According to the latest data from the National Association of REALTORS® , year-over-year, existing-home sales increased 22.2 percent.
Additional market data gives a better overview of the current environment: sales are still driving prices up, as is the persistent inventory shortage. The median existing-home price for all housing types in December increased 12.9 percent to $309,800-this is the 106th consecutive month of year-over-year...
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