There are several skeptics who are declaring that the housing market is still very challenged and unhealthy.
“Home ownership has ceased to be part of the American Dream. Increasing interest rates are murdering demand. Young adults are very burdened with too much student loan debt.”
We’re just wanting to inform all of the naysayers of the following three things: 13,945 houses sold yesterday. 13,945 houses will sell today, and 13,945 will sell tomorrow. 13,945!
Currently, 13,945 is the average number of homes that sell each and every day in the country according to the National Association Of Realtors’ (NAR) latest Existing Home Sales Report. There have been 5.09 million homes sold in 2013, according to the report. Let’s divide that number by 365 (days in a year) to find that nearly, on average, 14,000 homes sell every day.
NAR concluded that sales had increased 9.1% compared to 2012 and that it was the market’s strongest performance since 2006.
We do realize that these numbers are well below the record for homes sold during the boom. However, we also know that we may not see those numbers again for a very long time (and that is probably a good thing). To say that the current real estate market is challenged is completely inaccurate. We have about 14,000 pieces of evidence to prove that.