Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC]
![Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC] | Simplifying The Market](http://www.simplifyingthemarket.com/wp-content/uploads/2016/07/20160729-Dog-Days-of-Summer-STM.jpg?a=240219-a0d422b32246954045ab854066d8c3f4)
Some Highlights:
- Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.
- Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.
- Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900.
![Slaying Myths About Home Buying [INFOGRAPHIC]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vZYutjoNV8A3T9oWaGSVG_clpk5mzOUvGCPi6dfFW9_vQcefQ9lG0Qtbw_xatEfVjppZ0NII2MyABXyD7gL_vV6X4D__3gUh27YmewzOp8tBibQR43XtQjhcXdS6gZTdVAy6HnGpN7gBp9DGVSE4Lhpj06w8HFabV0LxeJto1bUGs=s0-d)
