Healthy buyer demand and constrained supply continue to be the story for
much of the country. Nationally, showing activity in July remained
substantially higher than a year before and multiple offer situations are a
frequent experience in many markets. With the inventory of homes for sale
still constrained, a competitive market for buyers shows little sign of
waning.

For realMLS, July Closed Sales increased by 15% Year over Year and Pending Sales increased 20%.

With mortgage rates remaining near record-low levels and home purchase mortgage applications up from a year ago, high buyer activity is expected to continue into the late summer and early fall market.

Read More on realMLS July Statistics Below