Existing Home Sales Surge into Summer
- Existing Home Sales reached their third highest mark this year in May.
- Inventory of homes for sale has dropped 8.4% since last year, marking the 24thconsecutive month of year-over-year declines.
- NAR’s Chief Economist,Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”
If you are a prospective home buyer who is ‘ready’ and ‘willing’ to act now, but are not sure if you are ‘able’ to, or would like to know more about available homes for sale in Lake Balboa, Reseda, Van Nuys, North Hills, or any other San Fernando Valley or Santa Clarita Valley real estate, please contact the real estate professional agents at HelpUSell Southland Realty today!