June 30 2017
Summer Market to hot!
Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines.
NAR’s Chief Economist, Lawrence Yun had this to say: “Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”
We can definitely see the affordable homes selling quick! If you're looking to buy be prepared and be pre-qualified.
Contact me for your pre-qualification.