The National Association of Realtors is reporting that existing home sales jumped 2.4% in August to a seasonally-adjusted annual rate of 6 million (10.5% higher than one year ago). Total housing inventory at the end of August was 1.49 million units, down 0.7% from July and down 18.6% from one year ago. Total unsold inventory was at a 3-month supply at the current sales pace with properties remaining on the market for around 22 days. Continue reading HERE...
Existing Home Sales at Highest Level Since December 2006
Metro East REIA
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