The O'Steen Group Powered by Keller Williams SoCal

  • Home
  • /
  • Existing Home Sales Slowed by a Lack of Listings
Existing Home Sales Slowed by a Lack of Listings
  • Nov 27, 2017
  • New Home Ambassador
  • new home ambassador listing inventory existing homes economics
  • The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
  • Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
  • NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”

 

 

Source: Real Estate with Keeping Current Matters

Free Evaluation
Alarm.com

We are passionate about creating innovative technology that deepens the connection between people and the things they care about most – their homes, families and businesses. Millions of people trust Alarm.com every day for better security, advanced automation and dependable service.

Mohawk Flooring

As the world's largest flooring company, Mohawk provides unlimited style and design options from over 30 flooring categories. The extensive Mohawk family of brands covers every floor type— carpet, rugs, tile, hardwood, laminate and more— and includes highly reputable names trusted by millions

Sherwin Williams

When is red not just red? When it's Cherry Tomato, Fireworks or Habanero Chile. Browse the nine color families below and see how with over 1,500 Sherwin-Williams colors, there's something for every mood, every space and every project.

Solar City

SolarCity was started by two determined brothers with a better way to deliver clean, more affordable energy. Founded in 2006, SolarCity has since grown to become America’s largest solar provider with more than 10,000 employees. We’re just getting started.

CONTACT US