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Existing Home Sales Bounce Back Despite Low Inventory

A recent post in Keeping Current Matters peaked our interest so we thought we’d share it here on our blog. According to this infographic, home sales in December were 14.7% higher than in November, making it the largest month-over-month increase ever recorded. Home inventory levels are also still well below historic norms at a 3.9-months supply. And lastly, the median home price is up 7.6% from last year, which makes it the 46th consecutive month with year-over-year price gains.

So what does this mean? That despite low housing inventory, existing home sales bounced back nicely at the tail-end of 2015, which leads to promising market trends for 2016.

KCM Infographic Home Sales 2015

Image credit: Keeping Current Matters

3 Top Tips for Boomerang Buyers

Thinking of buying or selling a home in the La Jolla area? As consistent top producers in real estate, Linda Daniels and The Daniels Group are your La Jolla housing specialists. Working with The Daniels Group will give you with the advantage of having local experts to ensure that you have a successful real estate transaction. From buying, selling and investing to financing options and more, we have the expertise and resources to help you achieve your goals. Call us today at (858) 361-5561 or email us anytime.