The KCM Crew tells us…
“To all those who have declared the real estate market dead, we want you to know that over 13,780 houses sold yesterday, 13,780 will sell today and 13,780 will sell tomorrow.”
This number is the comes from information reported by the National Association of Realtors in their recent Existing Home Sales Report. In the report NAR says annualized sales now stand at 5.03 million. Divide that number by the number of days in the year and we see that more than 13,000 (on average) homes sell every day.
NAR also reported that sales had increased 7.7% over the month before and 18.6% over the year before.
“We realize that these numbers are below the record for homes sold in 2006. We also know that we may never see those numbers again (and that is probably a good thing). But to say that the current real estate market is dead or that houses are not selling is totally inaccurate. We have over 13,000 pieces of evidence to prove that.”-KCM Crew