Home Sales Rise for Third Consecutive Month

Home sales have increased for the third consecutive month in June, according to a recent report from Inman News.  And existing home sales aren’t the only sales that are seeing positive signs, with sales of resale homes (i.e. single-family homes, townhomes, condos and co-ops) increasing by 3.6 percent from May to June; this makes the seasonally adjusted annual rate almost the same as a year ago at 4.89 million units.

In a press release, NAR Chief Economist Lawrence Yan predicted that if the volume of sales is kept above the level of new inventory, property prices will stabilize near the end of this year.

For more information on buying or selling property in Anchorage AK, including Wasilla and Palmer AK homes and condos, contact your local realtors from The Kristan Cole Team today.