The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
First-time homebuyers made up 31% of all sales in August.
Homes are selling quickly with 51% of homes on the market for less than a month.
A limited supply continues to drive up prices for the 66th consecutive month.
Lack of Existing Home Inventory Slows Sales Heading into Fall [INFOGRAPHIC]