![Existing Home Sales Surge Through The Holidays [INFOGRAPHIC] | Simplifying The Market](http://sibleyrealtygroup.com/wp-content/uploads/2016/12/www.simplifyingthemarket.comwp-contentuploads201612EHS-Dec-STM-65b68ab866cd27334fabf9c94db8d71c03aeb85a.jpg)
Some Highlights:
- November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).”
- Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and is now 9.3% lower than November 2015.
- Inventory has dropped year-over-year for the last 18 months.
- The median price for all home sales in November was $234,900, up 6.8% from last year and marks the 57th consecutive month of year-over-year gains.
