Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home
5.45 million existing homes were sold in 2016! This is the highest mark set since 2006.
Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
The median price of homes sold in December was $232,200. This is the 58th consecutive month of year-over-year price gains.