American home sales fell in June, median price rose

The National Association of REALTORS® reported that existing home sales declined in June, while the median sales price reached an all-time high for the second consecutive month. Sales declined in all four major regions of the United States. On a year-over-year basis, sales declined in the Northeast, Midwest and South regions, while the West remained flat. Total existing-home sales, including single-family homes, townhomes, condominiums, and cooperative housing, fell 5.4% from May to a seasonally adjusted annual rate of 3.89 million units in June.