26 May Inventory Challenges Continue! [INFOGRAPHIC]
Posted at 01:00h in Market Updates
- After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories.
- Median existing home prices surged for the 62nd straight month, up 6.0% over last year to $244,800.
- New home prices slowed as builders have started to turn their focus toward single family, smaller homes.