Nationally, 13,780 Homes Sold Yesterday
To all those who have declared the real estate market dead, we want you to know that nationally over 13,780 houses sold yesterday, 13,780 will sell today and 13,780 will sell tomorrow.
That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales had increased 7.7% over the month before and 18.6% over the year before. According to the report, annualized sales now stand at 5.03 million. Divide that number by 365 (days in a year) and we can see that, on average, well over 13,000 homes sell every day.
What are the daily home sales figures for Nashville in 2011?
Year to date in Davidson and Williamson Counties combined, there have been 4,018 single family and condos sold, which computes to 21 sales every business day in 2011.
Please click here for the entire article on current home sales from the KCM Blog.