Courtesy of the National Association of REALTORS® this video provides a nice snapshot of the national housing market as of June 2018. Some highlights from the video:
- Distressed saies were only 3% of total sales, down from 5% last year and the lowest since NAR started tracking in May 2011.
- Median sales price is $264,800 which is up 4.9% from last year and represents a new all time high.
- Days on market is only 26 days, the lowest since NAR started tracking in 2011.