Lack of Existing Home Inventory Slows Sales Heading into Fall!

Some Highlights:

  1. The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.

  2. First-time homebuyers made up 31% of all sales in August.

  3. Homes are selling quickly with 51% of homes on the market for less than a month.

  4. A limited supply continues to drive up prices for the 66th consecutive month.

Content credit to Keeping Current Matters at www.simplifyingthemarket.com.

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