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Your Lake Norman (LKN) and North Charlotte, NC Specialist

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Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC]



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.

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