Sep. 27, 2011 - 13,780 Homes Sold Yesterday

13,780 Homes Sold Yesterday

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. 

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. 

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. Courtesy of KCM Blog 

Please feel free to check out my website at http://JudithWeiner.com to learn more about the buying and selling process regarding real estate or give me a call at 847-207-3444 if you want more information regarding homes for sale, listing your property or rentals in the Highland Park, Glencoe, Winnetka, Wilmette, Deerfield, Highwood, Northbrook, Lincolnshire, Riverwoods, Buffalo Grove, Gurnee, Lake Forest or surrounding Chicago suburbs in IL. You can also email me at Judith@JudithWeiner.com.