Scott Swinford is a mortgage loan originator in Indiana & Illinois. A firefighter/paramedic in his past professional life, Scott's goal is to be an advocate and an educator for his valued clients. He lives in Northwest Indiana with his wife, two sons, a Beagle, and a Belgian Malinois.
Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC]
![Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC] | Simplifying The Market](https://i0.wp.com/files.simplifyingthemarket.com/wp-content/uploads/2019/08/31125326/20190801-Share-KCM-1-549x300.jpg?w=358&ssl=1)
![Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC] | Simplifying The Market](https://i0.wp.com/files.simplifyingthemarket.com/wp-content/uploads/2019/08/31124748/20190801-MEM.jpg?ssl=1)
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.
Source: New feed
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