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In June 2024, existing-home sales fell as the median sales price climbed to the highest price ever recorded.
All four major U.S. regions posted sales declines. Year-over-year, sales waned in the Northeast, Midwest and South but were unchanged in the West.
"We're seeing a slow shift from a seller's market to a buyer's market," said NAR Chief Economist Lawrence Yun. "Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis."
- Read the full news release.
- See the summary of June 2024 Existing Home Sales Statistics (PDF: 338 KB)
- View supplemental market data (PDF: 126 KB)