Acre Mortgage and Financial, Inc.

NMLS# 13988

400 Sheppard Rd.

Voorhees, NJ 08043

(866) 416-7156

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Drop in Inventory Fuels Sales Slowdown

May 25, 2018

Some Highlights:
  • 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 35thmonth 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.

 

 

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