Some Highlights:

• Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months.
• The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month supply.
• Inventory remains low due to high demand from buyers who are still looking for houses to buy!

Source: Simplifying the Market