![Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC] | Simplifying The Market](http://files.simplifyingthemarket.com/wp-content/uploads/2018/05/24164608/20180525-Share-STM.jpg)
![Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC] | Simplifying The Market](http://files.simplifyingthemarket.com/wp-content/uploads/2018/05/24164546/EHS-APR-STM-ENG.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.