August 2019 Housing Minute

This monthly snapshot video is courtesy of the National Association of REALTORS® and provides us with a nice overview of the national housing market as of July 2019. Here are some highlights from the August snapshot:

  • Cash sales were 19% of the total sales. This is down from 22% last year.
  • July sales volume was 5.42 million units. This is up 2.5% from the previous month and up 0.6% from last year.
  • Median sales prices were up 4.3% from last year at $280,800.
  • Listing inventory is low at only 4.2 months.