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.
Contact The Melissa Thompson Team at 901-729-9526 or Melissa@YourKeytoMemphis.com to find out how much your home is worth in today's market!
By: KCM Crew
