Days on Market (DOM), or the number of days it took the average home to sell, held steady at 48 days. Inventory registered a 4.2-months supply, down slightly from 4.3 months a year ago, but still at the highest level since August 2017.
Broken out by housing segment, July sales performed as follows:
- $1 - $99,999: decreased 12.2 percent
- $100,000 - $149,999: decreased 22.2 percent
- $150,000 - $249,999: increased 9.5 percent
- $250,000 - $499,999: increased 21.0 percent
- $500,000 - $749,999: increased 15.1 percent
- $750,000 and above: increased 6.3 percent
HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 6,902 in July, an increase of 9.0 percent versus the same month last year. The average sales price increased 3.7 percent to $297,606 while the median sales price jumped 6.0 percent to $233,000.