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Existing Home Sales Point Toward a Good Time to Sell

Wednesday, August 7, 2019   /   by Jessa Mae

Existing Home Sales Point Toward a Good Time to Sell

Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC]


Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC] | MyKCM



Some 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.