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Lack Of Existing Home Sales Inventory Impacting Sales
Dated: 10/01/2016
Views: 223
![Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC] | MyKCM](http://s3.amazonaws.com/kcmmedia/2016/09/27123553/20160930-STM-ENG-1046x1354.jpg)
Some Highlights:
Existing home inventory is down 10.1% from last year.
A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.
Lisa Birdsong
Top 1% of Texas Real Estate Teams; McSam Realtor of the Year, 2016; Certified Residential Specialist, CRS D Best Realtor, 2016, 2017 Castle Hills Realtor Advisory Board, 2016; Windsong Ranch Real....
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