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Strong sales prove that buyers are in the market looking for a home, but with residential active inventory down 37.2% year-over-year in June 2020, the buyers’ biggest obstacle is the lack of available homes for sale.

The strength of the housing market is a bright spark in the economy and leading the way to what is truly being called a remarkable recovery throughout this country. If you’re thinking of buying or selling a home, maybe this is your year to make a move after all.

“Low inventory has impacted the region’s real estate market in many ways, from multiple offers on some listings, to an increased median sales price,” said Barry Nachman, President of REIN. “The market remains strong in spite of the issues we have all faced over the…

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