![Inventory Challenges Continue! [INFOGRAPHIC] | Simplifying The Market](https://www.justlistedpalmsprings.com/wp-content/uploads/d39ah2zlibpm3g.cloudfront.net20170526-EHS-APR-PAT-STM-d8ccfae708890a7d1ca1d67d81f4127ad79991c1.jpg)
Some Highlights:
- After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories.
- Median existing home prices surged for the 62nd straight month, up 6.0% over last year to $244,800.
- New home prices slowed as builders have started to turn their focus toward single family, smaller homes.
