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    Drop In Inventory Fuels Sales Slowdown

    Some Highlights:

    • Existing Home Sales are now at an annual pace of 5.46 million.
    • Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.
    • The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.

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