Where’s the Inventory of Homes for Sale?

Real Estate Bottom Line

• Existing Home Sales are at an annual pace of 5.52 million.
• Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines.
• The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.
• Whether buying or selling a home, use a real estate professional to help you make good decisions and maximize your results.