Existing Home Sales were up 1.3% in April to a 4.65 million annual rate. This was the first sales increase in four months and the second monthly gain in the last year. Best of all, inventories shot up by 330,000 units, which was the third largest monthly increase on record since 1999. Many housing observers blamed the recent slower sales pace on a lack of inventory, so this jump up is very good news, pointing to a pickup in May and June sales.
Raymond Gravelle, Broker
Realty Executives Grant County
Your Residential & Commercial Expert
509.771.0027 cell/text
509.771.0027 cell/text
509-498-2056 fax
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