- Prices of existing single-family houses, condos, and co-ops dipped in July, reverting to seasonality for the first time since 2019, amid surging price reductions.
- Price reductions surged by 37% in July from June, the fifth month in a row of increases, and the largest month-to-month increase in the data provided by realtor.com’s residential listings database.
- In July, new listings were down just a tiny bit (-0.6%) from June, and were up by 6.5% from July 2020, the fourth month of year-over-year increases in a row, and the largest one, as new-listings momentum has been picking up.
For further details see:
Home Prices Dip For First Time Off Spike, Price Reductions Surge, Sellers Emerge