Pending home sales climb on Staten Island, but inventory falls, report says
Briefly

"Unfortunately, the lack of supply, or inventory, is what continues to drive our market. While a dip in mortgage rates could help buyers, particularly new buyers, get into the market, the lack of supply will continue to push up prices."
"Home prices have maintained their upward trend across much of the country, even as sales slow and inventory improves. According to NAR, the national median existing-home sales price climbed 4.1% year-over-year to $426,900 as of last measure, an all-time high."
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