Number of existing U.S. homes that sold in June declined 5th straight month, but homes sold in record-fast 14 days, and median prices rose 124th straight month to record-high of $416k

Existing home sales down 5.4% in June and down 14.2% vs. a year ago. On pace for 5.12m homes sold in 2022. Unsold inventory now 1.26m units, a 3 month supply. First time buyers were 30% of sales, cash buyers 25%, investors and second home buyers 16%.

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Existing Home Sales Slid 5.4% in June (NAR)

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