HAR Report: Days on Market, or the actual time it took to sell a home, increased from 27 to 42 days. Months of inventory registered a 3.2-months supply compared to 2.4 months a year earlier. The current national supply stands at 3.1 months, as reported by NAR.
Broken out by housing segment, July sales performed as follows:
$1 - $99,999: increased 6.5 percent
$100,000 - $149,999: decreased 7.2 percent
$150,000 - $249,999: decreased 6.1 percent
$250,000 - $499,999: decreased 11.8 percent
$500,000 - $999,999: decreased 8.3 percent
$1M and above: decreased 2.6 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 5,860 in July, down 13.1 percent from the same month last year. The average price was statistically flat at $425,628 and the median sales price declined 1.1 percent to $336,150.