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.