![Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC] | Simplifying The Market](https://static.wixstatic.com/media/a1954d_fdd09a73f4b54a8bbac395a937d1a683~mv2.jpg/v1/fill/w_750,h_410,al_c,q_80,enc_auto/a1954d_fdd09a73f4b54a8bbac395a937d1a683~mv2.jpg)
![Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC] | Simplifying The Market](https://static.wixstatic.com/media/a1954d_8451a86dcb984bacbba3cad450a4088f~mv2.jpg/v1/fill/w_980,h_1268,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/a1954d_8451a86dcb984bacbba3cad450a4088f~mv2.jpg)
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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