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NEW HOME CONSTRUCTION
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Drop in Inventory Fuels Sales Slowdown
Michael Brown - Broker
May 25, 2018
Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]
Existing Home Sales are now at an annual pace of 5.46 million.
Inventory of existing homes for sale dropped to a 4-month supply, marking the 35
month in a row of declines.
The median price of homes sold in April was $257,900. This is the 74
consecutive month of year-over-year price gains.
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