HAR Report: Days on Market, or the actual time it took to sell a home, increased from 28 to 45 days. Months of inventory registered a 3.1-months supply compared to 1.9 months a year earlier. The current national supply stands at 3.0 months, as reported by NAR.
Broken out by housing segment, June sales performed as follows:
$1 - $99,999: increased 1.1 percent
$100,000 - $149,999: increased 1.1 percent
$150,000 - $249,999: decreased 1.1 percent
$250,000 - $499,999: FLAT
$500,000 - $999,999: decreased 2.5 percent
$1M and above: increased 5.9 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 6,536 in June, down 16.4 percent from the same month last year. The average price was unchanged at $434,999 and the median sales price declined 2.9 percent to $340,000.