Sales

Existing Home Sales Point Toward a Good Time to Sell | Ohio

At Ficzner Group, we want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way.  We are here to guide you on purchasing a brand new home in Ohio.

Today I would like to talk to you about Existing Home Sales Point Toward a Good Time to Sell | Ohio

20190801-MEM-1046x1151.jpg

Some Highlights:

  • Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June.

  • Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply.

  • Median home prices were up 4.3% from June 2018, hitting $285,700. This marked the 88th consecutive month with year-over-year price gains.