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Existing Home Sales Point Toward A Good Time To Sell

Tuesday, August 6, 2019   /   by DeeDee Meyers

Existing Home Sales Point Toward A Good Time To Sell


Existing Home Sales Point Toward A Good Time To Sell



 



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 88th consecutive month with year-over-year price gains