Home Sales Slip Amidst Rising Prices, Inventory

Record low inventory, frequent bidding wars, and the rapid sales pace that dominated the housing market through the spring finally took a toll on buyers in June, which saw sales slip, coming in barely above last year’s level. Meanwhile, home prices still increased significantly and inventory continued the slow climb back to normal with a respectable increase in the month. Although this is still very clearly a seller’s market, June data indicate that balance is beginning to return.

Redfin-Price-Tracker_2013-06_Sales

For the full report including data tables, charts, and a downloadable spreadsheet with historic data, visit the Real-Time Price Tracker in Redfin’s Research Center.

Discussion

  • The Cooper Index

    This is great news for buyers – A less crazy market, means more opportunity for buyers!

  • Villa in chennai.

    Nice sharing.

  • jing

    Thanks for the predictions.