The pace of seasonally adjusted existing-home sales in the U.S. declined 5.4 percent from an upwardly revised 4.62 million in May to a 4.37 million pace in June, up 4.5 percent from the 4.18 million unit pace recorded in June 2011 but an eight-month low.
Total housing inventory at the end of June slipped 3.2 percent to 2.39 million existing homes actively on the market, a 6.6 month supply, up from a 6.4 month supply in May but down from a 9.1 month supply in June 2011.
The median sale price for existing-homes ticked up 3.7 percent in June to $189,400, up 7.9 percent year-over-year as distressed sales accounted for 25 percent of sales volume, unchanged from May but down five points versus June 2011.
Existing-home sales in the west declined 6.9 percent from May to June, down 3.6 percent year-over-year with a median sales price that’s up 13.3 percent year-over-year, driven by more sales at the upper end of the market.
June Existing-Home Prices Rise Again, Sales Down []
Existing U.S. Sales Pace And Supply Slip In May, Median Ticks Up [SocketSite]
Recorded San Francisco Sales Up 9.9% In June (Year-Over-Year) [SocketSite]

One thought on “Existing U.S. Sales Pace And Supply Slip In June As Median Mixes Up”
  1. Home sales down, retail sales down, consumer confidence down, jobless claims up. Starting to feel like the recovery was a dead cat bounce.

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