The Takeaway

• The year 2016 saw the highest pace of sales nationally, since the highpoint of 2006, as 5.45 million existing homes were sold!!
• Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
• The US median price of homes sold in December was $232,200. This is the 58^th consecutive month of year-over-year price gains.The Real Estate Market, just like the Stock, Commodities and Forex Markets is an ever changing chameleon.  Wise Buyers and Sellers will therefore seek out a competent Real Estate Professional to empower them with the right information about the current market and their particular geographical location.As always, call or text me at 727-755-3434 and I would be delighted to provide you with the right information to make informed decisions!!