Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC]
September 30, 2016 | Ryan Gibbons
- Existing home inventory is down 10.1% from last year.
- A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
- Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.
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