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NAR US Existing-Home Sales Report Shows 2.7% Decrease in June
Existing-home sales decreased by 2.7% in June, according to the National Association of REALTORS® Existing-Home Sales Report. The Report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales, price, and inventory. Month-over-month sales declined in the Northeast, Midwest and South and rose modestly in the West. Year-over-year, sales fell in the Northeast and West, while rising in the Midwest and South. "The record high median home price highlights how American homeowners' wealth continues to grow—a benefit of homeownership. The average ... (full story)
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Sales of previously owned homes in June dropped 2.7% from May to 3.93 million units on a seasonally-adjusted, annualized basis, according to the National Association of Realtors. Analysts had expected a drop of just 0.7%. Sales were unchanged from June 2024. This report is based on closings, so contracts that were likely signed in April and May, when the ...
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