Existing homes sales remain high, but inventory is “historically low”

Sales for previously owned homes surged for a fourth consecutive month, but the number of properties for sale sunk to a new low. In September, 6.5 million homes sold, seasonally adjusted, according to the National Association of Realtors’ monthly report — a jump of 9.4 percent compared to August. Sales were also up 21 percent year-over-year. While demand is high, supply is low: Existing housing inventory sank to a record low of 1.47 million, which

source https://therealdeal.com/2020/10/22/existing-homes-sales-remain-high-but-inventory-is-historically-low/