Home Sales Are Up

Home Sales Are Up but Low Inventory is
Holding Back Sales in Some Areas

home-sales-up

Real Estate Highlights

  • March 2016 is the 48th consecutive month with year-over-year price gains.
  • Lawrence Yun, NAR’s Chief Economist says:

    “The main issue continues to be a supply &¬†affordability problem. Finding the right property at an affordable price is burdening many potential buyers.”

  • Inventory of homes for sale is below historic “normal” levels.¬† There is only a 4.4 month supply of homes.
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