Inventory Drops Again Sales Slow

Dated: 08/01/2017

Views: 39

20170728 EHS June Infographic

Highlights:

  • Existing Home Sales are now at an annual pace of 5.52 million.

  • Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25thmonth in a row of declines.

  • The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.

Bonnie Lelak

Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program homes, investors who flip homes or buy rentals, commercial properties, land sales, lake front properti....

Want to Advertise on this Site?

Latest Blog Posts

A Tale Of Two Markets A 6 Month Update

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.In the starter and

Read More

You Dont Want To Hear This From Your Listing Agent

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:Set the market value on possibly the

Read More

Which Homes Have Increased In Value The Most

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the

Read More

Should I Buy A Home Now Or Wait Until Next Year

Some Highlights:The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.Freddie Mac

Read More