Inventory Drops Again, Sales Slow

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 25th month 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.

Bottom Line:

Whether you are buying or selling, in today’s market, you want a trusted real estate advisor to help you make the best decisions for you and your family!

Contact a Real Estate Advisor | REALTOR® from Martin Real Estate Advisors, a United Real Estate Company, today at 469-262-5411, or just complete the GET IN TOUCH form on this page.

Content credit to Keeping Current Matters at www.simplifyingthemarket.com.