Inventory Drops Again, Sales Slow


Highlights:

  • Existing Home Sales are now at an annual pace of 5.52 million.

  • Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines.

  • The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.


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