According to the NAR’s Economists’ Outlook blog, the total number of homes sold in the U.S. for August 2016 is higher than the ten year August average.
Comparing August of 2016 to August 2006, fewer homes were sold but the median price increased across all regions.
There are currently fewer homes available for sale in the US this August than the ten year August average. This current August the US had the fastest pace of homes sold relative to the inventory when months supply was 4.6 months.
PB Topical Ref
