Home Sales Climb. Inventory Remains Low.
Real Estate Highlights:
- Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.
- Inventory is still low. This is driving home prices up as demand continues to exceed the 4.7-month inventory.
- The median price of new homes is up 12% from March 2015. The median price of existing homes is up 6.3% from April 2015.