Lack of Home Sales Inventory Impacting Sales

Selling

Lack of Existing Home Sales Inventory Impacting Sales

2016-10-05_2316

Some Highlights:
Existing home inventory is down 10.1% from last year.
A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.