https://files.keepingcurrentmatters.com/wp-content/uploads/2018/11/21112038/20181122-Share-STM1.jpg 410 750 The KCM Crew https://www.keepingcurrentmatters.com/wp-content/uploads/2023/01/KCMLogoFlatForDarkTM-300x39.png The KCM Crew2018-11-23 06:30:442018-11-21 13:18:00Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
- Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month.
- The inventory of existing homes is still below the 6-month supply needed for a normal market and is now at a 4.3-month supply.
- NAR’s Chief Economist, Lawrence Yun, had this to say: “After six consecutive months of decline, buyers are finally stepping back into the housing market. As more inventory enters the market and we head into the winter season, home price growth has begun to slow more meaningfully. This allows for much more manageable, less frenzied buying conditions.”
|Members: Sign in now to set up your Personalized Posts & start sharing today!|
Not a Member Yet? Click Here to learn more about KCM’s newest feature, Personalized Posts.