In our next installment of the Keller Williams report: The Numbers That Drive Real Estate, we look at Inventory…

Housing inventory at the end of May fell 3.5% to 3.8 million, representing a 9.6-month supply at the current pace of sale, down from a 10.1-month supply in April.

While sales have steadily increased over the past four months and pending home sales indicated even stronger activity, some poor appraisals are stalling transactions as faulty valuations inhibit buyers from securing financing.

Inventory:
Number of homes available for sale

Check back for the next installment in this series: The Numbers That Drive Real Estate: Mortgage Rates.

Jennifer Mackay
850-774-6582
www.jennifermackay.com

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