Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC]

Some Highlights: Existing home inventory is down 10.1{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} from last year. A lack of inventory explains the modest increase in home sales (0.8{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} year-over-year) despite strong buyer demand. Existing home prices increased 5.1{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} year-over-year, which is directly related to the lack of inventory.

Source: Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC]

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