JRE - Existing Home Sales Fall Further As Median Price Reaches Record High
2024-07-24 03:05:00 ET
Summary
- Existing home sales fell for a fourth straight month in June, while the median price reached a new record high.
- Existing homes have been experiencing a consistent downward trajectory over the past two years, with monthly sales declining 23 of the past 29 months.
- The median price for existing homes reached a record high in June, climbing to $426,900, the fifth consecutive monthly rise.
Existing home sales fell for a fourth straight month in June, while the median price reached a new record high. According to the data from the National Association of Realtors (NAR), existing home sales were down 5.4% from May, reaching a seasonally adjusted annual rate of 3.89 million units. This figure came in lower than the expected 3.99 million. Existing home sales are down 5.4% compared to one year ago....
Existing Home Sales Fall Further As Median Price Reaches Record High