- Home sales rose for the second straight month but were barely higher than in July 2020.
- The inventory of homes at the end of July stood at 1.32 million, down 12% from a year ago, but that is a smaller annual decline than in recent months.
- The median price of an existing home sold in July was $359,900. That is a 17.8% increase compared with July 2020.
Sales of existing homes in July rose 2% from June to a seasonally adjusted, annualized rate of 5.99 million units, according to the National Association of Realtors.
These sales figures are based on closings, so they reflect contracts signed in May and June. Sales were 1.5% higher than July 2020. That is the second straight month of gains after a pullback in the spring.
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