Home Buying Pace Slower This July Than Last

16% fewer buyers signed contracts in July 2017 as compared to July 2016.

It's hard to say if this is related to lower buyer interest (I doubt it) or lower inventory levels (I suspect it).

I suspect we will still end up seeing just as many home sales in 2017 as we saw in 2016 -- but I don't think we'll see a significant increase in the number of homes selling this year.