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Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]

Posted by David E. DeChant on Friday, August 10th, 2018 at 8:52am.

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.”

Bottom Line: 

Talk to a REDCO Agent today about your options!

 

Source: https://www.keepingcurrentmatters.com/2018/08/10/existing-home-sales-cooling-off-this-summer-infographic/ 

3 Responses to "Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]"

Are You Thinking Of Selling Your Home? Competition Is Coming! wrote: [...]Links

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]
Supply & Demand Will Determine Future Home Values
The Wave Of[...]

Posted on Monday, August 13th, 2018 at 11:35am.

Have You Outgrown Your Starter Home? wrote: [...]Links

Are You Thinking Of Selling Your Home? Competition Is Coming!
Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]
Supply & Demand Will Determine Future Home Values




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Posted on Tuesday, August 14th, 2018 at 10:21am.

Homebuyers Willing To Sacrifice ‘Must-Haves’ In Favor Of Good School Districts wrote: [...]Home?
Are You Thinking Of Selling Your Home? Competition Is Coming!
Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]




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Posted on Wednesday, August 15th, 2018 at 9:56am.

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