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Existing Home Sales Point Toward a Good Time to Sell

Some Highlights:

  • Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June.

  • Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply.

  • Median home prices were up 4.3% from June 2018, hitting $285,700. This marked the 88th consecutive month with year-over-year price gains.

Contact me at (805) 630-2869 to get in this incredible market while you can. With inventory still lower than 6 months' supply, it is a good time to put your house up for sale. Buyers are stable, with the ability to lock in super-low interest rates and make the move into a home financially easy.


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