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Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]

August 10, 2018 by simplify

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC] | Simplifying The Market

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year.
  • Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market.
  • NAR’s Chief Economist Lawrence Yun had this to say: “There continues to be a mismatch since the spring between the growing level of homebuyer demand in most of the country in relation to the actual pace of home sales, which are declining. The root cause is without a doubt the severe housing shortage that is not releasing its grip on the nation’s housing market.”

Filed Under: For Buyers, For Sellers, Housing Market Updates, Infographics

Information Deemed Reliable But Not Guaranteed
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