Lack Of Existing Home Sales Inventory Impacting Sales

Lack Of Existing Home Sales Inventory Impacting Sales

Lack of Existing <a href='[]=1&types[]=2&areas[]=neighborhood:Home&beds=0&baths=0&min=0&max=100000000&map=0&sortby=listings.visits DESC&quick=1&submit=Search' title='Search Properties in Home'>Home</a> 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.

Ron Harmon Headshot
Phone: 206-250-9100
Dated: September 30th 2016
Views: 5
About Ron: As a dedicated real estate broker I have helped over 500 families purchase or sell their home and I ...

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