Existing Home Sales have risen 3.1% over the most recent quarter to an annual rate of four million properties sold. Inventory has risen 2% to just over one million, which represents a three month supply. Corroborating that data, Redfin reports that home listings have increased 10% since this time last year, and sales prices are up 6% over the same time period.
Prices are starting to move, tell your prospective buyers that the time is now to get out there and find a place before that summer buying season turns frenetic.
