LGIH - June marks growing home sales prices and inventory: RE/MAX

Drazen Zigic/iStock via Getty Images Housing market is currently hot with rising June home sales, prices and growing inventory for the first time in 15 months. RE/MAX data indicated that June sales experienced 14.2% M/M growth, topping its 13-year history of the report, which spans 53 metro markets; on Y/Y basis, sales rose 26.4%. The median sales price of $336K, racing ahead of $320K set in April, 4.9% M/M growth; Y/Y sales rose 21.9%. The number of homes for sale grew 1.9% M/M, first increase since Mar 2020; inventory still remained 37.5% below June 2020 levels but remained 1.9% above M/M. "People are relocating as companies and individuals make long-term decisions about remote work and getting back to the office. Also, sellers appear to be more confident about finding another home after they sell their current one. If these trends continue, inventory levels should keep growing," President, RE/MAX Nick Bailey commented. Region-wise,

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June marks growing home sales, prices and inventory: RE/MAX