Lack of Existing Home Inventory Slows Sales Heading into Fall

Lack of Existing Home Inventory Slows Sales Heading into Fall

Lack of Existing Home Inventory Slows Sales Heading into Fall

September 22, 2017

Lack of Existing Home Inventory Slows Sales Heading into Fall

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Some Highlights:

  • The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
  • First-time homebuyers made up 31% of all sales in August.
  • Homes are selling quickly with 51% of homes on the market for less than a month.
  • A limited supply continues to drive up prices for the 66th consecutive month.

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