US home sales reported a month-on-month decline of 2.4% in June, Thursday, due to an increase of 1.8% in the median sales price from a year earlier, news agency AP reported. However, the sales rose 2.8% when compared to the corresponding period of the previous year.

Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges

“The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers are to affordability conditions,”

US existing-home sales fell 2.4% in June to 4.09 million units, the lowest pace since September 2024, as 6.5% mortgage rates and record $440,600 median

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges.

Sales of previously owned homes in the United States dropped in June, according to industry data released Thursday, as affordability worries continued to weigh on property buyers.

Home list prices have dropped 7.3% in the West since 2022 but climbed 12.6% in the Northeast, according to Realtor.com data—even as the national median sales price hit an all-time…

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges.

US home sales reported a month-on-month decline of 2.4% in June, Thursday, due to an increase of 1.8% in the median sales price from a year earlier, news agency AP reported.…