What Do Supply and Demand Tell Us About Today’s Housing Market?There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the
Existing Home Sales Point Toward A Good Time To Sell
Dated: August 3 2019
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.
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