In May, the median existing-home price reached a new record high of $419,300, despite a slip in existing home sales. This comes as a surprise, considering the stronger inventory in the housing market. The industry is closely monitoring these developments to understand the underlying factors influencing this trend.
Key points:
– Median existing-home price hits new record high at $419,300
– Existing home sales experience a slight decline despite stronger inventory
– Industry experts are analyzing the market to uncover reasons behind this unexpected shift.
You can read this full article at: https://wrenews.com/existing-home-sales-slip-despite-stronger-inventory/
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