Good news for real estate market as existing home sales increase in May

Existing home sales increased by 2.4 percent in May, marking the first time home sales have increased in back-to-back months since September 2005.

USA Today just published an article on the increase, which is smaller than projected, but still positive news for the real estate industry.

Initial market forecasts showed a pace of 4.81 million homes sold this year. That number had been revised to 4.66, and May's boost of existing home sales increases it to 4.77 million units. Check Delta Media Group's blog for more details.

The existing home sales increase also helped decrease the listing inventory, which had previously not decreased in months that home sales increased because more people listed homes for sale.

Looking to take advantage of the existing home sales increase? We can help. Click here to contact Delta Media Group for more information.