Third-highest year! Final 2006 existing-home sales are in and the year was the third-highest on record with 6.48 million sales, 8.4 percent fewer that the record 7.075 million sales in 2005. The second-best year was 2004, with 6.779 million sales. A slight dip closed out 2006, with sales at 6.22 million sales pace, just 0.8 percent slower that in November. However, a 4.9 percent increase in December 2006 pending home sales – a leading indicator – suggests 2007 is shapping up to be another solid year!
Source: Realtor Magazine