![Inventory Drops Again, Sales Slow [INFOGRAPHIC] | Simplifying The Market](https://tnrealestatelistings.com/wp-content/uploads/2017/07/20170728-Share-STM.jpg)
![Inventory Drops Again, Sales Slow [INFOGRAPHIC] | Simplifying The Market](https://tnrealestatelistings.com/wp-content/uploads/2017/07/20170728-June-EHS-STM.jpg)
Highlights:
- Existing Home Sales are now at an annual pace of 5.52 million.
- Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines.
- The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.
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