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U.S. Housing Inventory Down Year-Over-Year Again

hamilton-zanze August 01, 2013

The National Association of Realtors reports that 5.08 million single-family home sales took place in June, a 1.2% decrease from May but a 15.2% rise year-over-year. June’s housing inventory of 2.19 million homes represents 5.2 months of supply and a 7.8% decrease year-over-year. June is the 28th straight month that inventory has decreased yera-over-year. Six months of supply characterizes a normal, healthy market.

Read the full article at NAR Research