Real Estate Housing Inventory
Highlights:
- Existing Home Sales are now at an annual pace of 5.52 million.
- Real Estate Housing 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
Only you and your family will know for certain if now is the right time to buy or sell a home. Answering these questions will help you make that decision. However, with “Inventory Low and Demand High” the market is dictating this is the time to sell or buy a home.
Have questions about real estate you want answered? Even if you aren’t planning to buy or sell for years, I hope you’ll feel comfortable calling me to talk about your unique real estate situation. I’d love the opportunity to become your agent long before you actually need one. ~ Lynda Van Wie (www.vanwierealestategroup.com)
