In August, three of the four major regions of the country saw a rise in existing home sales. As sales rose 2.6%, prices were up thanks in large part to continued inventory shortages.

The July housing market delivered a 2.5% increase in EHS versus June, and a year-over-year lift of 0.6%. Inventory levels remain decidedly depressed and prices continue their upward arc.

Existing home sales fell in June 2019, while prices and inventory levels continued to inch forward. The market is still faced with a significant shortage of existing housing units.

Easy to spin the data either way: February saw a nice rebound in the US housing market over January, but year-over-year pacing retracted by 1.8%. Median home price and inventory continued to increase.

Another mixed bag in the housing market for November as existing-home sales and average house prices rose, but inventory remained somewhat mismatched with demand.

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While the housing market inched forward in October, it’s still pacing down year-over-year. Inventory is recovering, albeit painfully slowly.

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ESA@Work | The existing home sales numbers for September aren’t great: pacing is down, interest rates up, inventory up but still lagging, and affordability challenging today’s home shopper.