![Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC] | Simplifying The Market](https://answersforrealestate.com/wp-content/uploads/2019/08/20190801-Share-KCM-1-549x300.jpg)
![Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC] | Simplifying The Market](https://answersforrealestate.com/wp-content/uploads/2019/08/20190801-MEM.jpg)
Some Highlights:
- Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June.
- Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply.
- Median home prices were up 4.3% from June 2018, hitting $285,700. This marked the 88th consecutive month with year-over-year price gains.