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!

Source.. KCM Mike Ficzner Blog