Analyzes the April Existing Home Sales Reports Prices & Inventory Rise

(PRWEB) May 24, 2012

The current monthly home sales report analyzes data found in the National Association of Realtors April Existing-Home Sales report. The report outlines key findings for existing home sales and forecasts what buyers and sellers will likely experience in months to come based on the market activity in April.

The April Existing Home Sales Report revealed that the real estate market is continuing to experience gains as 2012 progresses. Real estate agents and industry experts are optimistic given the significant improvement in prices, which are partially due to the decline in foreclosures and short sales. There are signs that the market overall appears to be balancing out and even leaning towards a sellers market in some areas. NAR chief economist Lawrence Yun said, The general downtrend in both listed and shadow inventory has shifted from a buyers market to one that is much more balanced, but in some areas it has become a sellers market.

Key Findings in the April 2012 Existing Home Sales Report Include:

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