![Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC] | Simplifying The Market](https://d8yi0qr1xsq5x.cloudfront.net/2017/11/22152203/20171124-EHS-Report-STM-1046x1354.jpg)
Some Highlights:
- The inventory of existing CT homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
- Existing CT home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
- NAR’s Chief Economist, Lawrence Yun, had this to say: “While the CT housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.
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