We still only have 1.63 months of inventory. Even though we have seen inventory numbers jump 40% YOY for 3 consecutive months, we still are still near record low inventory numbers. The good news for sellers is that it may me easier for you to find your future home.
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true.