2018 sales are tracking about equal to 2017’s. The main factors that have been affecting the market for the past two years remain in place: a strong national economy, rising demand for single-family homes, and an inventory shortage of good homes available for purchase.
Buyer interest in single-family homes continues to increase while inventory remains very limited. The supply of good homes isn’t adequate to satisfy the demand. Homes in preferred locations are selling faster, and prices are rising.