Just saw some statistics for the past couple of months that I wanted to share with you.
Existing home sales rose 5.6% in November to a seasonally adjusted annual rate of 4.68 million units from 4.43 million units in October. The inventory of unsold homes on the market declined 4% to 3.71 million, a 9.5-month supply at the current sales pace, down from a 10.5-month supply in October.
This is good news for the real estate industry. It means better prices with a shorter days on the market.
December stats will be out in January and hopefully they will be good too.
How do your local stats compare with these national ones?
Comments(6)