Existing home sales declined last month across the U.S.A., indicating that there is still a large divide between supply and demand. However, we must keep in mind that the value of the housing market is the highest it has been in years. Confidence and household incomes are increasing – a sure indication of future home buying, which should lead to continued market strength.
- New Listings increased 6.5% to 2,805
- Pending Sales increased 22.9% to 2,089
- Closed Sales increased 2.8% to 1,449