Daily market update: June 16, 2017

By June 16, 2017 Inman No Comments
Daily market update: June 16, 2017

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Most recent market news

Friday, June 16

May’s Brisk Home Sales Set Post-Recession Records

  • After a brief dip in April home sales, the U.S. housing market returned to seasonally high sales in May, increasing 20.6 percent from the previous month and 4.3 percent from May 2016, according to the RE/MAX National Housing Report released today.
  • The average number of Days on Market dropped to a record low of 51, consistent with the Months Supply of Inventory shrinking to 2.6 months.
  • Over two-thirds of the metro ar...

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