![Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] | Simplifying The Market](http://files.simplifyingthemarket.com/wp-content/uploads/2017/12/21114527/20171222-EHS-Report-STM.jpg)
Some Highlights:
- Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
- The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
- NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”
Source: Kevin Meyer