The Takeaway:

• Lauren Yun, Chief Economist for NAR, reported in his June 2017 address that Existing Home Sales reached their 3^rd highest point in 10 years.
• Low Inventory now continues into its 24^th consecutive month of year-over-year decline. This lack of market inventory has caused sales volume to drop by 8.4%, since last year.
• NAR’s Chief Economist, Lawrence Yun had this to say about market inventory and sales:“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.”

** Please remember that these are “National” numbers (National Association of Realtors®) and that Real Estate is Regional**

As always, I am here to help you navigate the local Wesley Chapel, Land O Lakes and Tampa, FL markets, so feel free to call or text me at 727.755.3434.