https://files.keepingcurrentmatters.com/wp-content/uploads/2017/11/22152056/20171124-Share-STM.jpg 410 750 The KCM Crew https://www.keepingcurrentmatters.com/wp-content/uploads/2023/01/KCMLogoFlatForDarkTM-300x39.png The KCM Crew2017-11-24 06:30:282017-11-22 15:36:57Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
- The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
- Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
- NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”
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