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

Article by: Simplifying the Market™
Originally Published: August 2, 2019, 10:00 am

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 88^th consecutive month with year-over-year price gains.