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HOMZ - Existing Home Sales Rise As Prices Hit A Record
Hoya Capital Housing
Sales of existing homes rose 1.4 percent in June, to a 5.86 million seasonally adjusted annual. Sales are up 22.9 percent from a year ago.
The median sale price in June of an existing home was $381,800, 16.1 percent above the year-ago price and a new record high.
The record-high prices are helping push up inventory. Total inventory of existing homes for sale rose 3.3 percent to 1.25 million in June, pushing the month’s supply to 2.6, the highest since September 2020.