PICKING UP THE PACE: The National Association of Realtors says the median time a previously occupied U.S. home was listed for sale before it sold shrank in July to 69 days, down from 98 days a year ago.
TIGHTENING UP: A home’s median time on the market has declined steadily since January. That’s good news for sellers and comes as the inventory of bank-owned properties and other homes available for sale has been tightening.
Recommended Stories
RECOVERING, NOT CURED: The supply of homes on the market in July was 6.4 months. Just above the six-month inventory typical in a healthy economy.
