Courtesy of the National Association of REALTORS® this video provides a nice snapshot of the national housing market as of August 2018. Some highlights from the video:

  • August Sales were down 1.5% from last year, but median sales prices were up 4.6% from last year.
  • Distressed sales were only 3% of total sales, down from 4% last year and the lowest since NAR started tracking in May 2011.
  • Listing inventory is up 1.87%.
  • Days on market is only 29 days.

 

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