Existing Home Sales Grow Despite Low Inventory

Market Trends

Existing Home Sales Grow Despite Low Inventory

Some Highlights:

-According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million.
-This is the strongest pace since November of 2017.
-Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply.

 

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