Annual Pace of Home Sales Set to Rise in 2016
Scott P. Rogers
Take a look at the astonishing pace of home sales thus far in 2016. As shown above, the Jan-Sep home sales this year already exceeds the Jan-Oct home sales for the past two years. If not a single home sold in October, we'd still be ahead of the pace of home sales from the past two years!
Looking at the graph above, it is hard to imagine (very, very hard to imagine) that we will not see an increase in the annual pace of home sales during 2016. At this point, I'm thinking 1200 sales -- but maybe it could get all the way up to 1250? Or even 1300?
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