![Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC] | Simplifying The Market](https://tnrealestatelistings.com/wp-content/uploads/2018/05/20180525-Share-STM.jpg)
![Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC] | Simplifying The Market](https://tnrealestatelistings.com/wp-content/uploads/2018/05/EHS-APR-STM-ENG.jpg)
Some Highlights:
- Existing Home Sales are now at an annual pace of 5.46 million.
- Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.
- The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.
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