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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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

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

August 8th, 2019 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, infographic, Move-Up Buyers

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 88thconsecutive month with year-over-year price gains.