The National Association of Realtors is reporting that existing home sales were up 1.4% in June to a seasonally-adjusted annual rate of 5.86 million (up 22.9% from one year ago). Total housing inventory at the end of June was 1.25 million units, down 18.8% from one year ago. Unsold inventory sits at a 2.6-month supply at the current sales pace with properties remaining on the market for around 17 days. The median existing-home price for all housing types was $363,300, up 23.4% from June, 2020. They do point out that supply has modestly improved in recent months due to more housing starts and new listings. Continue reading HERE...
Existing Home Sales Up 1.4% in June
Metro East REIA
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