Drop in Inventory Fuels Sales Slowdown 

 For Buyers, For Sellers, Infographics

Some Highlights:

• Existing Home Sales are now at an annual pace of 5.46 million.
• Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.
• The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.
• Buyers - Simply offering more money than all others in a multiple offer situation alone is not enough. Make sure your agent takes the time to find out what the seller truly needs and wants and writes your offer accordingly.
• Sellers - Your best chance to get the most for your home is by pricing your home correctly. Overpricing your home will bring less interest and fewer offers.  Make sure your agent understands your market and how to market and price your home correctly. 

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