Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC]
Posted by Dan Bennett on Friday, August 2, 2019 at 7:00 AM By Dan Bennett / August 2, 2019 Comment
- Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June.
- Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply.
- Median home prices were up 4.3% from June 2018, hitting $285,700. This marked the 88thconsecutive month with year-over-year price gains.