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Nationwide drop in inventory is the fuel behind the sales slowdown in April 2018
May 30, 2018 | Jeff Hallman
Existing Home Sales are now at an annual pace of 5.46 million.
Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.
The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.