Realtor.com: Number of Homes For Sale Drops Below Year-Ago Levels
Active listings declined 6.4 percent annually in July for the first time in more than a year
Active listings declined 6.4 percent annually in July for the first time in more than a year
The number of existing homes bought by international buyers declined to 84,600—the fewest since 2009
Risk also remains high for New Jersey and Illinois, while southern and midwestern states remained less exposed
The median sale price hit $360,250—a 30 percent increase from 2019
Economists had predicted a small increase, but the data did not meet expectations for the third consecutive month
Even with stiff inventory competition, investors still managed to buy up $49 billion worth of homes last quarter
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