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[National Update] Existing Home Sales Point Toward A Good Time To Sell

Posted by Jeremiah M. Moersch on Wednesday, August 7th, 2019 at 4:30pm.

Friday August 2nd, 2019 - © Keeping Current Matters, Inc.

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.

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