HAR Report: Days on Market, or the actual time it took to sell a home, dropped slightly from 30 to 28 days. Inventory registered a 2.0-months supply compared to 1.4 months a year earlier. That is the greatest supply of homes since November 2020. The current national inventory stands at 2.6 months, as reported by NAR.
Broken out by housing segment, June sales performed as follows:
$1 - $99,999: decreased 39.7 percent
$100,000 - $149,999: decreased 32.5 percent
$150,000 - $249,999: decreased 47.1 percent
$250,000 - $499,999: increased 2.4 percent
$500,000 - $999,999: increased 22.0 percent
$1M and above: decreased 2.3 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 7,937 in June, down 11.6 percent from the same month last year. The average sales price jumped 11.1 percent to a record-setting $438,099 (the second highest average price of all time) while the median sales price climbed 12.9 percent to $350,000, tying the record high median price reached last month.