Housing Inventory Rebounds, Existing Home Prices Remain Near Record High

Housing Inventory Rebounds, Existing Home Prices Remain Near Record High
A house's real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. SAUL LOEB/AFP via Getty Images
Tom Ozimek
Updated:

The inventory of existing homes for sale rose while prices eased somewhat from their record-highs in July, suggesting some relief may be in store for prospective buyers gripped by months of surging prices.

Total housing inventory rose 7.3 percent over-the-month in July, according to the National Association of Realtors (NAR). At 1.32 million units, this is equivalent to around 2.6 months at the current monthly sales pace.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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