Prior month 5.62M (unchanged)
- Monthly change -1.8% vs -0.9% estimate. Single family -2.0%. Condos/co-ops 0.0%
- Median price: $263.8K vs 252.5K, Up 6.5% YoY. New record.
- Average price $303.9K vs $294.3K. Up 4.9 YoY
- Days on market 28 days vs 34 last year.
- 4.3 month supply in June vs 4.2 months in May
- Inventory fell -0.5% to 1.96m homes.
- 1st time buyers 32% of total sales.
- All cash 18%
- Investors 13%
The level of sales remains near high levels.
The prices are up nicely on the year which is impacted by low inventories.
