HomeBUYINGReal Estate Sales at Highest Pace in 10 Years Real Estate Sales at Highest Pace in 10 Years January 27, 2017 BUYING, MARKET TRENDS & STATS, SELLING Tweet Pin It Highlights: 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. Related Posts Ten Reasons this Spring Could Be Great for the Housing Market Four Reasons 2016 is the Year to Buy a Home Palos Park Real Estate Property Sales – November 2014 Should You Sell Now to Take Advantage of Low Prices? Yes!