Article by: Simplifying the Market™
Originally Published: December 21, 2018, 11:00 am
Some Highlights:
- Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months.
- The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month supply.
- Inventory remains low due to high demand from buyers who are still looking for houses to buy!