house keys on house keychain

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Sales Dip Slightly, But Should Rise Soon

The July-August 2019 Market Pulse offers a glimpse at the current state of the housing market.

July - August
2019

Existing-home sales slid 0.4 percent in March, but favorable conditions for buyers are mounting. Historically low mortgage rates, wage growth, and continued low unemployment are beginning to line up with home price increases to improve the affordability picture.

Supply & Demand chart. Click image for text version.

© National Association of REALTORS®

Days on Market Chart

© National Association of REALTORS®

Days on Market Falling

Housing inventory is improving, and so is time spent on market. Nationwide, properties remained on the market for
an average of 24 days in April, down from 36 days in March and down from 26 days a year ago.