Lack Of Existing Home Sales Inventory Impacting Sales

Dated: 09/30/2016

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Lack of Existing Home Sales Inventory

Some Highlights:

  • Existing home inventory is down 10.1% from last year.

  • A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.

  • Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.

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Ron Harmon

As a dedicated real estate broker I have helped over 500 families purchase or sell their home and I am qualified to guide you through buying or selling a home. Buying or selling a home is one of t....

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