Single-Family Homes Update(HAR report)
June marked the first month of 2019 with declining single-family home sales, due to the record-breaking levels of one year earlier. Realtors sold a total of 8,097 units versus 8,385 a year earlier. That translates to a 3.4 percent decline. On a year-to-date basis, however, single-family home sales are running 1.4 percent ahead of 2018’s record pace.
The median home price reached an all-time high of $252,000, up 2.9 percent from June 2018. The average price rose 2.0 percent to $321,973, the highest ever for a June.