New & Existing Home Sales Climb

    20160527-EHS-APR-STM

    Some Highlights:

    • Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.
    • Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory.
    • The median price of new homes is up 12% from March 2015, while the median price of existing homes is up 6.3% from April 2015.

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