Las Vegas Real Estate News

July’s Home Sales Numbers Are In

A report from the National Association of Realtors provided an interesting insight into the current housing market. Here is a quick read of the numbers:

Existing Home Sales

2.5% increase – existing home sales over June 2019
4.3% increase – year over year existing home price (July 2018 to July 2019)
1.6% decrease – inventory from June 2019
4.2 month supply of homes on the market, down from 4.4 month supply in June
29 days on the market for the average house, an increase of 2 days from June
51% of homes stayed on the market for less than a month

Single Family Homes

1% increase – year over year single family home sales (July 2018 to July 2019)
4.5% increase – year over year single family home prices (July 2018 to July 2019)

Overall, the news regarding home sales are positive around the country. These numbers, combined with lowering mortgage rates due to actions taken by the Federal Reserve, will keep home sales strong for the foreseeable future.

July’s Home Sales Numbers Are In

This entry was posted in Real Estate News. Bookmark the permalink.

Comments are closed.