Some Highlights:
- Existing home inventory is down 10.1% from last year.
- A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
- Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.
![Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC] | Simplifying The Market](https://sibleyrealtygroup.com/wp-content/uploads/2016/09/www.simplifyingthemarket.comwp-contentuploads20160920160930-STM-ENG-f8c36bb6244807216a25fb45052d12125917d938.jpg)



