• Existing home Sales fell 5.9% Expectation 3.3%
• Median Home Price rose 1.7% to $403,700
• Inventory rose 8.1% to 1.33M up 20% from last year.
• 4-months supply. 3.5% higher than February.
• Home on market 36 days on average down from 42 days.
• First time home buyers 32%, Cash buyers 26% investors 15%

With that out of the way, it’s a mixed bag of solid and slightly surprising numbers. Home prices remain strong, largely due to historically low inventory levels.

In fact, inventory is still hovering near its lowest point in 26 years—below even the pre-pandemic norms from 2015 to 2020.

So get out there and buy a home—strike while the iron’s hot!

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