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Home sales are rising, so why isn’t inventory going up?

Source: HousingWire

Between 2012 and 2015, home sales have increased by almost 600,000 units, from 4.67 million units to 5.25 million units, while housing inventory has been flat or down. Existing home sales are up 5 percent year over year in the first half of 2016, and in June reached a seasonally adjusted annual rate of 5.57 million units―the highest level since early 2007.  But housing inventory, as measured by the number of existing homes for sale, was down by 130,000 units year over year in June. It appears rising home sales and flat-to-down inventory trends are consistent with more first-time home buyers entering the housing market, and when these buyers enter the market, they add to sales without also bringing inventory to the market.



About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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CA Department of Real Estate Lic.# 01960213
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