Daily Market Updates: Home sales slow in August even as inventory hits a 10-year high

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Home sales slow in August even as inventory hits a 10-year high

Reported · Written up by our desk · Residential

CNBC reports that home sales slowed again in August despite inventory reaching the highest level in more than a decade.

The reporting also notes that while sales eased, home prices continued to rise.

CNBC says the combination of slower demand and improving supply points to a market where buyers face more options than they have in years, but sellers are still benefiting from price strength.

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Sources

CNBC MarketsHome sales fall in August despite the highest supply in over a decade

CNBC Real EstateHome sales fall in August despite the highest supply in over a decade

Real Estate

Home sales slow in August even as inventory hits a 10-year high

More like this

Sources

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