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