June 2018 Housing Minute

Author: Rich Barnhart

Author: Rich Barnhart

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 sales 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.

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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