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.
Article sponsered by http://builderhotspots.com. A Frisco New Homes site give you the ability to look at 6000's of property floor plans, interior photos and new subdivision when you are looking to buy a new house.
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