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home sales

Home Sales at Highest Level in Over 9 Years

Sales of existing homes rose 1.8% in May, the highest level since early 2007 and up 4.5% since May 2015. A combination of low mortgage rates and a relatively healthy job outlook has led to elevated demand for homes. Homes sold in May were typically on the market for just 32 days-the shortest marketing time measured since the National Association of Realtors began tracking the figure in 2011.

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Good News for Sellers: Listings Sell Faster despite Weak Sales

Good News for Sellers: Listings Sell Faster despite Weak Sales - Despite weak demand and an infusion of new listings over the past two months, listings are selling nearly as fast as a year ago and prices are still rising. Realtor.com reported recently that in April the total U.S. for sale inventory of single family homes, condos, townhomes and co-ops rose by 8.56 percent over March, […] [Daily Real Estate News]