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RE/MAX: U.S. housing market experiences largest inventory decline since last year

September 20, 2019 / Alcynna Lloyd

In August, America’s home sales slid 1.6%, marking the sixth month of 2019 that produced fewer sales than the previous year, according to the RE/MAX National Housing Report. RE/MAX reports buyer demand outpaced homes listed for sale in August, causing the largest inventory decline in 13 months. Overall, the number of homes for sale fell 5.5% from 2018's level and 1.5% from the previous month.