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Lack of Existing Home Inventory Slows Sales Heading into Fall

Some Highlights:

  • The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
  • First-time homebuyers made up 31% of all sales in August.
  • Homes are selling quickly with 51% of homes on the market for less than a month.
  • A limited supply continues to drive up prices for the 66th consecutive month.
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Justin Hemker

Justin Hemker is a North Carolina licensed real estate broker whose real estate experience dates back to 2003 when he was first licensed in Michigan as a real estate salesperson. Almost two decades later, Justin has seen how the industry has changed from paper MLS books and print-marketing, to the digital-dominant marketing of today. Putting his Web Technologies background to work, Justin strives to bring the highest caliber of real estate service to Triangle-area home buyers and home sellers of every price point.

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