U.S. existing-home sales drop in JuneU.S. existing-home sales drop in Junehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=207122018-07-26T05:00:00Z2018-07-26T14:00:00Z

​​​WASHINGTON – Existing-home sales across the nation dropped for the third straight month in June, according to the National Association of Realtors. 

Total existing-home sales fell 0.6 percent over the month to a seasonally adjusted annual rate of 5.38 million. With the decline, sales are now 2.2 percent behind a year ago. 

The median existing-home price was​​ $276,900, surpassing May as the new all-time high, and up 5.2 percent from June 2017 ($263,300). June’s price increase marks the 76th straight month of year-over-year gains.

Total inventory climbed 4.3 percent from May to 1.95 million existing homes on the market. Inventory is 0.5 percent ahead of last year, marking the first year-over-year increase since June 2015. There was a 4.3-month supply, and properties stayed on the market for 26 days, down from 28 a year ago. 

Realtor.com's Market Hotness Index pinned Midland as the hottest metro area for home sales. Other metros in the top are Columbus, Ohio; Boston; Fort Wayne, Ind.; and Boise City, Idaho. 

First-​time buyers comprised 31 percent of sales in June.​​

National Association of Realtors®
https://www.nar.realtor/newsroom/existing-home-sales-subside-06-percent-in-juneRead more at {Source}

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