There were essentially the same number of homes for sale in June as there were in the same month of the previous year; however, demand continues to grow at a faster rate. This led to the months of supply of inventory, which measures the relationship between supply and demand, to drop slightly to 5 months in June. This number remains tight as low interest rates spur more buyers to enter the market, and new home construction has not yet reached a pace which would provide significant relief to many of the nation’s hotter markets. There is opportunity in every market. Call us today 505-427-2288.
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