- Rate: 4.49mm down 11% from one year ago (5.02mm).
- Prices: $181,300 down 13% from one year ago
- Inventory: 11.2 months, up from 10.3 months last month! This is the largest it has been.
- Foreclosures: 45% of all transactions
Prices have fallen the most out West, and not surprising, existing home sale data is the strongest there. We won't see a recovery until we see a pricing bottom which we may have seen in our Western markets.
Here’s the full story: