Existing Home Sales Point Toward a Good Time to Sell!

Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC]

Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC] | MyKCM

Some Highlights:

  • 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.
Posted on August 2, 2019 at 4:14 pm
John Goldhammer | Category: Money & You, Real Estate Trends, Seller Advice

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