If over 13,780 homes sold yesterday and 13,780 will sell today along with the same amount tomorrow we would have our answer.
That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales had increased 7.7% over the month before and 18.6% over the year before. According to the report, annualized sales now stand at 5.03 million. Divide that number by 365 days in the year and we can see that, on average, well over 13,000 homes sell every day.
Even though the numbers are below the record for homes sold in 2006, it’s good to know that homes are still selling. So if you hear that the current real estate market is dead or that houses aren’t selling here is evidence to prove the inaccuracy.
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