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Buyer Demand Continues to Outpace the Supply of Homes for Sale
The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:
The latest Existing Home Sales Report shows that there is currently a 4.2-month supplyof homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.