Existing-home sales down in June despite inventory

Market Trends

According to the National Association of Realtors existing home sales fell in June for the third straight month.  Completed transactions on single-family homes, condominiums, townhomes and co-ops fell 0.6 percent to a seasonally adjusted annual rate of 5.38 million in June. In May, existing-home sales saw a 0.4 percent drop. Compared to the same month last year, existing-home sales in June 2018 were down 2.2 percent.  More here