NAR: August 2018 Existing Homes Sales Report

Author: Rich Barnhart

Author: Rich Barnhart

Here is the August 2018 Existing Home Sales Report from Lawrence Yun, Chief Economist for the National Association of REALTORS®. Sales are down slightly, but median prices continue to rise. The data implies that many buyers may be sitting on the sidelines waiting for additional inventory. Yun mentions that rental increases are starting to slow down which could force investors to sell adding welcome inventory to the market.

Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.
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