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Lack of Existing Home Inventory Slows Sales Heading into Fall
October 16, 2017
Lack of Existing Home Inventory Slows Sales Heading into Fall
![Lack of Existing Home Inventory Slows Sales Heading into Fall [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2017/09/20125109/20170922-EHS-Report-STM-1046x1354.jpg)
Some Highlights:
- The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
- First-time homebuyers made up 31% of all sales in August.
- Homes are selling quickly with 51% of homes on the market for less than a month.
- A limited supply continues to drive up prices for the 66th consecutive month.