Market Updates: Existing Home Sales Slow Amongst Tight Inventory

Posted by Dil Gillani on Saturday, October 10th, 2015 at 12:27pm

In today's Market Updates series, we bring you another info-graphic from our friends over at KCM (KeepingCurrentMatters.com).

According to the info-graphic above, Lawrence Yun - the NAR Cheif Economist said, "With sales and overall demand higher than a year ago and supply mostly unchanged, low inventories will likely continue to limit options for those looking to buy this fall."

Inventory levels are still below historic norms, down 107% from August 2014. First time buyers made up 32% of sales, matching the previous May 2015 high. 40% of homes are being sold in less than a month. 

With inventory so low, but demand so high, there is no better time than right now to put your house on the market!

Call us today for a free house estimate! 718-442-4400

Leave A Comment

Format example: yourwebsitename.com