It’s a Seller’s Market
Some Real Estate Highlights:
- Existing home sales are at the highest level since February 2007 at an annual pace of 5.57 million.
- Inventory of homes for sale remains low. Inventory is down 5.8% year-over-year.
- Nationwide, the median residential sales price rose to $247,700. This is 4.8% higher than a year ago and replaced the previous peak in May of $238,900.