Welcome to San Diego Blog | July 3, 2017

Existing Home Sales Surge into Summer [INFOGRAPHIC]

 

Existing Home Sales Surge into Summer [INFOGRAPHIC] | Simplifying The Market

Existing Home Sales Surge into Summer [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales reached their third highest mark this year in May.
  • Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines.
  • NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”

Source: KCM


Written by: Dannecker & Associates

Categories: Downtown San Diego

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