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Home Prices

 

 

The median home price was $504,458 in June, which was a decrease of 4.9 percent from May and a 0.3 percent increase from June of last year.

 

Home Sales

 

 

A seasonally adjusted 39,979 homes were sold in June, which was down 6.7 percent from May and down 12.0 percent from June of the previous year. Currently, 2017 is trailing 2016 by approximately 7,514 home sales.

 

Inventory - Month's Supply

 

 

The sales-to-new-listings ratio dropped to 52.8 percent in June. This ratio could indicate a balanced market in the majority of regions.