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