Housing inventory remains low, while buyer demand for remains high. However, buyers are not buying to buy, they are waiting for the right house.
Some Highlights:
- After a surge in
March, existing home sales and new home sales slowed due to a drop in
inventory available for sale in the start-up and trade-up categories.
- Median existing home prices surged for the 62nd straight month, up 6.0% over last year to $244,800.
- New home prices slowed as builders have started to turn their focus toward single family, smaller homes.
No comments:
Post a Comment