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.
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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