July Market Report
U.S. existing-home sales fell 2.7% in July to a 3.93M annual rate, unchanged from a year ago. Sales dropped in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales rose in the South and Midwest. New listings fell 16.6% to 221; pending sales rose 6.8% to 158. Inventory rose 13.5% to 739. Median price rose 2.7% to $241,250. National median hit $435,300, up 2%, with 1.53M homes for sale—a 4.7-month supply.
