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Ventura County Existing Home Sales Grow Despite Low Inventory

By Chris B Johnson REALTOR®

Real Estate Agent with Allison James Elite CA. DRE 01501699

April 28, 2018 10:31 AM

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Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC] | MyKCM

Some Highlights:

According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million.
This is the strongest pace since November of 2017.
Inventory levels dropped year-over-year for the 34^th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply.

Weekly Mortgage Rate Update

Mortgage rates climbed higher during the first half of the week and then reversed direction during the second half to end nearly unchanged. The movement didn't correlate with any specific economic news.

THIS WEEK'S RATE TREND IS FLAT

« “Short of a war or stock market crash…”

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